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The heterogeneity of world trade collapses

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  • van Bergeijk, P.A.G.

Abstract

This paper analyses drivers of imports during the major world trade collapses of the Great Depression (1930s; 34 countries) and the Great Recession (1930s; 173 countries). The analysis deals with the first year of these episodes and develops a small empirical model that shows a significant impact of the development of GDP, the share of manufacturing goods in total imports and the political system. The analysis reveals substantial heterogeneity with respect to regional importance of these drivers.

Suggested Citation

  • van Bergeijk, P.A.G., 2015. "The heterogeneity of world trade collapses," ISS Working Papers - General Series 606, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    • Handle: RePEc:ems:euriss:77862
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    Cited by:

    1. van Bergeijk, P.A.G. & Dao, T.K., 2018. "Global trade finance, trade collapse and trade slowdown: a Granger causality analysis," ISS Working Papers - General Series 634, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    2. van Bergeijk, P.A.G., 2017. "One is not enough! An economic history perspective on world trade collapses and deglobalization," ISS Working Papers - General Series 98695, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    3. Li, C. & van Bergeijk, P.A.G., 2016. "Do natural disasters stimulate international trade?," ISS Working Papers - General Series 622, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.

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    Keywords

    trade collapse; heterogeneity; resilience; political system; Great Depression; Great Recession;
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