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The Antebellum U.S. Iron Industry: Domestic Production and Foreign Competition

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Author Info
Joseph H. Davis
Douglas A. Irwin

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Abstract

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.

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Date of creation: Sep 2007
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Handle: RePEc:nbr:nberwo:13451

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Find related papers by JEL classification:
F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
N11 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations - - - U.S.; Canada: Pre-1913
N61 - Economic History - - Manufacturing and Construction - - - U.S.; Canada: Pre-1913

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  1. Calomiris, Charles W. & Hanes, Christopher, 1994. "Consistent Output Series for the Antebellum and Postbellum Periods: Issues and Preliminary Results," The Journal of Economic History, Cambridge University Press, vol. 54(02), pages 409-422, June. [Downloadable!]
  2. Fogel, Robert W & Engerman, Stanley L, 1969. "A Model for the Explanation of Industrial Expansion during the Nineteenth Century: With an Application to the American Iron Industry," Journal of Political Economy, University of Chicago Press, vol. 77(3), pages 306-28, May/June. [Downloadable!] (restricted)
  3. Breusch, Trevor S & Wickens, Michael R, 1987. "Dynamic Specification, the Long Run and the Estimation of Transformed Regression Models," CEPR Discussion Papers 154, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  4. Irwin, Douglas A. & Temin, Peter, 2001. "The Antebellum Tariff On Cotton Textiles Revisited," The Journal of Economic History, Cambridge University Press, vol. 61(03), pages 777-798, September. [Downloadable!]
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  5. Harley, C. Knick, 1992. "International Competitiveness of the Antebellum American Cotton Textile Industry," The Journal of Economic History, Cambridge University Press, vol. 52(03), pages 559-584, September. [Downloadable!]
  6. Harley, C. Knick, 2001. "The Antebellum Tariff: Different Products Or Competing Sources? A Comment On Irwin And Temin," The Journal of Economic History, Cambridge University Press, vol. 61(03), pages 799-805, September. [Downloadable!]
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