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The Importance of Being British? Imperial Factors and the Growth of British Exports, 1870-1960

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  • Gary B. Magee

Abstract

Between 1870 and the 1950s British exports to the Empire and Commonwealth steadily grew in terms of volume and as a proportion of all exports. To many this reflected the non-market advantages Britain enjoyed there, advantages allegedly rooted in imperial rule and the inherent Britishness of these markets. This paper tests this claim. Using quantitative methods, it gauges the net effect of such factors and shows that the growth of British exports to the Empire was not simply, or even predominately, due to imperial advantages. In most periods, other factors, most notably the economic growth of the importing markets, were of much greater importance.

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Bibliographic Info

Paper provided by The University of Melbourne in its series Department of Economics - Working Papers Series with number 923.

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Length: 45 pages
Date of creation: 2004
Date of revision:
Handle: RePEc:mlb:wpaper:923

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Postal: Department of Economics, The University of Melbourne, 4th Floor, FBE Building, Level 4, 111 Barry Street. Victoria, 3010, Australia
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Web page: http://www.economics.unimelb.edu.au
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Keywords: Trade patterns; international trade; British exports; British Empire; Empire markets; imperial trade;

References

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  17. Perron, P, 1988. "The Great Crash, The Oil Price Shock And The Unit Root Hypothesis," Papers 338, Princeton, Department of Economics - Econometric Research Program.
  18. Bergstrand, Jeffrey H, 1985. "The Gravity Equation in International Trade: Some Microeconomic Foundations and Empirical Evidence," The Review of Economics and Statistics, MIT Press, vol. 67(3), pages 474-81, August.
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