1846 and All That: The Rise and Fall of British Wheat Protection in the Nineteenth Century
AbstractBy documenting the legislative history of the Corn Laws from 1670 and using previously unused data to calculate annual Ad Valorem Equivalents for most years from 1814, it is possible to establish several important facts about British wheat protection. Statutory protection was only significant for a few years after 1815, the decline starting in the 1820s and continuing beyond the famous “repeal” in 1846. The level of protection prior to 1846 was, for many years, much lower than previous accounts have suggested. The annual time series of Ad Valorem Equivalents will allow for UK trade policy to play the important role it deserves in econometric analyses of the nineteenth century.
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Bibliographic InfoPaper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 06-14.
Length: 23 pages
Date of creation: Jul 2006
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United Kingdom; Corn Laws; protectionism;
Find related papers by JEL classification:
- N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
- N53 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: Pre-1913
- N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913
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