This paper presents new annual estimates of U.S. production of pig iron and imports of pig iron products dating back to 1827. These estimates are used to assess the vulnerability of the antebellum iron industry to foreign competition and the role of the tariff in fostering the industry's early development. Domestic pig iron production is found to be highly sensitive to changes in import prices. Although import price fluctuations had a much greater impact on U.S. production than changes in import duties, our estimates suggest that the tariff permitted domestic output to be about thirty to forty percent larger than it would have been without protection.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
13451.
Length: Date of creation: Sep 2007 Date of revision: Handle: RePEc:nbr:nberwo:13451
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