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1846 and All That: The Rise and Fall of British Wheat Protection in the Nineteenth Century

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  • Paul Sharp

    (Department of Economics, University of Copenhagen)

Abstract

By 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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File URL: http://www.econ.ku.dk/english/research/publications/wp/2006/0614.pdf/
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Bibliographic Info

Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 06-14.

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Length: 23 pages
Date of creation: Jul 2006
Date of revision:
Handle: RePEc:kud:kuiedp:0614

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Related research

Keywords: United Kingdom; Corn Laws; protectionism;

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Cited by:
  1. 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.
  2. Uebele, Martin, 2011. "National and international market integration in the 19th century: Evidence from comovement," Explorations in Economic History, Elsevier, vol. 48(2), pages 226-242, April.

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