The Antebellum U.S. Iron Industry: Domestic Production and Foreign Competition
AbstractThis 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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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 13451.
Date of creation: Sep 2007
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Other versions of this item:
- Davis, Joseph H. & Irwin, Douglas A., 2008. "The antebellum U.S. iron industry: Domestic production and foreign competition," Explorations in Economic History, Elsevier, vol. 45(3), pages 254-269, July.
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
- N11 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - U.S.; Canada: Pre-1913
- N61 - Economic History - - Manufacturing and Construction - - - U.S.; Canada: Pre-1913
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-10-06 (All new papers)
- NEP-COM-2007-10-06 (Industrial Competition)
- NEP-HIS-2007-10-06 (Business, Economic & Financial History)
- NEP-INT-2007-10-06 (International Trade)
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