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Explaining nineteenth-century bilateralism: economic and political determinants of the Cobden-Chevalier network

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  • Markus Lampe

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Abstract

This study investigates the empirical determinants of the treaty network of the 1860s and 1870s. It makes use of three central theories about the determinants of PTA formation, considering economic fundamentals from neoclassical and ‘new’ trade theory, political-economy variables, and international interaction due to trade diversion fears (dependence of later PTAs on former). These possible determinants are operationalized using a newly constructed dataset for bilateral cooperation and non-cooperation among 13 European Countries and the US. The results of logistic regression analysis show that the treaty network can be explained by a combination of ‘pure’ welfare-oriented economic theory with political economy and international interaction models.

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Bibliographic Info

Paper provided by Universidad Carlos III, Departamento de Historia Económica e Instituciones in its series Working Papers in Economic History with number wp10-06.

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Date of creation: May 2010
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Handle: RePEc:cte:whrepe:wp10-06

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Keywords: Preferential trade agreements; Anglo-French treaty of Commerce; Bilateralism; Political economy; Qualitative choice models;

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Cited by:
  1. Switgard Feuerstein, 2013. "From the Zollverein to the Economics of Regionalism," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), Justus-Liebig University Giessen, Department of Statistics and Economics, vol. 233(3), pages 367-388, May.
  2. Kevin Hjortshøj O'Rourke & Douglas A. Irwin, 2011. "Coping with Shocks and Shifts: The Multilateral Trading System in Historical Perspective," Economics Series Working Papers Number 92, University of Oxford, Department of Economics.
  3. Stéphane BECUWE & Bertrand BLANCHETON & Léo CHARLES, 2013. "First globalization: Why did France miss the boat?," Cahiers du GREThA 2013-17, Groupe de Recherche en Economie Théorique et Appliquée.
  4. Tena-Junguito, Antonio & Lampe, Markus & Fernandes, Felipe Tâmega, 2012. "How Much Trade Liberalization Was There in the World Before and After Cobden-Chevalier?," The Journal of Economic History, Cambridge University Press, vol. 72(03), pages 708-740, September.
  5. Markus Lampe & Paul Sharp, 2009. "Something Rational in the State of Denmark? The Case of an Outsider in the Cobden-Chevalier Network 1860-1875," Discussion Papers 09-20, University of Copenhagen. Department of Economics.
  6. Stéphane BECUWE (GREThA, CNRS, UMR 5113) & Bertrand BLANCHETON (GREThA, CNRS, UMR 5113) & Léo CHARLES (GREThA, CNRS, UMR 5113), 2012. "The decline of French trade power during the first globalization (1850-1913)," Cahiers du GREThA 2012-22, Groupe de Recherche en Economie Théorique et Appliquée.

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