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The Reconstruction of Brazil's Foreign Trade Series, 1821-1913

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  • Absell, Christopher David
  • Tena Junguito, Antonio

Abstract

To date, research on the economic history of Brazil during the nineteenth century has relied on official foreign trade statistics, the accuracy of which has repeatedly been put into question. This paper provides insights into the accuracy of the official series by examining the accuracy of the export and import series for Brazil during the nineteenth century. We re-estimate the official import series using trading partner sources, and find that the official series was marginally under-valued during certain periods of the nineteenth century. Furthermore, we provide new upper- and lower-bound estimates of the export series by testing different assumptions regarding the size of the cif-fob factor adjustments. Finally, we introduce a new import price index for the period 1827-1913.

Suggested Citation

  • Absell, Christopher David & Tena Junguito, Antonio, 2017. "The Reconstruction of Brazil's Foreign Trade Series, 1821-1913," IFCS - Working Papers in Economic History.WH 24511, Universidad Carlos III de Madrid. Instituto Figuerola.
    • Handle: RePEc:cte:whrepe:24511
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    References listed on IDEAS

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    1. Absell, Christopher David & Tena Junguito, Antonio, 2015. "Brazilian export growth and divergence in the tropics during the nineteenth century," IFCS - Working Papers in Economic History.WH wp15-03, Universidad Carlos III de Madrid. Instituto Figuerola.
    2. Béatrice Dedinger & Paul Girard, 2017. "Exploring trade globalization in the long run: The RICardo project," Historical Methods: A Journal of Quantitative and Interdisciplinary History, Taylor & Francis Journals, vol. 50(1), pages 30-48, January.
    3. Klovland, Jan Tore, 2009. "New evidence on the fluctuations in ocean freight rates in the 1850s," Explorations in Economic History, Elsevier, vol. 46(2), pages 266-284, April.
    4. Llorca-Jaña, Manuel, 2011. "To be Waterproof or to be soaked: importance of packing in British textile exports to distant markets: The cases of Chile and the River Plate, c.1810-1859," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 29(1), pages 11-37, January.
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    More about this item

    Keywords

    Nineteenth Century globalization;

    JEL classification:

    • N76 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Latin America; Caribbean
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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