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Something Rational in the State of Denmark? The Case of an Outsider in the Cobden-Chevalier Network 1860-1875

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Author Info

  • Markus Lampe

    (Department of Food and Resource Economics, University of Copenhagen)

  • Paul Sharp

    (Department of Economics, University of Copenhagen)

Abstract

We examine the case of an important outsider to the Cobden-Chevalier network of bilateral treaties in the second half of the nineteenth century. We attempt to explain this through a study of the structure of Danish trade and protection. We demonstrate, in contrast to previous accounts that have considered Danish trade policy somewhat irrational, that Denmark was right to remain outside. She had little to gain from concluding treaties, since her main trading partners offered free trade for her exports, agricultural goods, and she needed her own tariffs for revenue purposes.

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File URL: http://www.econ.ku.dk/english/research/publications/wp/dp_2009/0920.pdf/
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Bibliographic Info

Paper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 09-20.

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Length: 23 pages
Date of creation: Sep 2009
Date of revision:
Handle: RePEc:kud:kuiedp:0920

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Keywords: bilateral treaties; Cobden-Chevalier network; Denmark;

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  1. Lampe, Markus, 2009. "Effects of Bilateralism and the MFN Clause on International Trade: Evidence for the Cobden-Chevalier Network, 1860-1875," The Journal of Economic History, Cambridge University Press, vol. 69(04), pages 1012-1040, December.
  2. Markus Lampe, 2011. "Explaining nineteenth‐century bilateralism: economic and political determinants of the Cobden–Chevalier network," Economic History Review, Economic History Society, vol. 64(2), pages 644-668, 05.
  3. Baier, Scott L. & Bergstrand, Jeffrey H., 2004. "Economic determinants of free trade agreements," Journal of International Economics, Elsevier, vol. 64(1), pages 29-63, October.
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Cited by:
  1. Ingrid Henriksen & Markus Lampe & Paul Sharp, 2012. "The strange birth of liberal Denmark: Danish trade protection and the growth of the dairy industry since the mid‐nineteenth century," Economic History Review, Economic History Society, vol. 65(2), pages 770-788, 05.
  2. Antonio Tena Junguito & Markus Lampe & Felipe Tâmega, 2012. "How much trade liberalization was there in the world before and after Cobden-Chevalier?," Working Papers in Economic History wp12-02, Universidad Carlos III, Departamento de Historia Económica e Instituciones.

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