Protection, economic war and structural change : the 1930s in Ireland
AbstractThe paper describes the insights which trade theory can provide into economic developments in Ireland during the 1930s. First, a version of Ronald Jones's "specific factors" model is applied to the period after 1932, when a policy which combined industrial tariff protection and controls on capital inflows was imposed by the newly-elected De Valera government. It is shown that such a policy mix was inconsistent if the aim of policy was employment creation. The controls on capital inflows were ineffective in practice employment. This ineffectiveness benefitted, although it decreased welfare. The specific factors model is then developed, along Gruen-Corden lines, to allow for the effects of the government's "protillage" policy on the agricultural sector. In a separate section, we apply the standard partial equilibrium analysis of the gains and losses from tariffs to the so-called 'economic war' between Ireland and Britain (1932-8). The outcome tentatively supports the claim that Ireland 'did not lose' this war.
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Bibliographic InfoPaper provided by University College Dublin in its series Open Access publications from University College Dublin with number urn:hdl:10197/396.
Date of creation: 1991
Date of revision:
Publication status: Published in Irish Historical Studies (1991) v.27, p.250-266
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Web page: http://www.ucd.ie
Ireland--Economic policy; Ireland--Economic conditions--20th century;
Other versions of this item:
- Neary, J Peter & O'Gráda, Cormac, 1986. "Protection, Economic War and Structural Change: The 1930s in Ireland," CEPR Discussion Papers 117, C.E.P.R. Discussion Papers.
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- Cormac Ó Gráda, 2011. "Five Crises," Working Papers 201112, School Of Economics, University College Dublin.
- J Peter Neary, 2005.
"Trade Costs and Foreign Direct Investment,"
200512, School Of Economics, University College Dublin.
- Ó Gráda, Cormac & O'Rourke, Kevin H., 1996. "Irish economic growth since 1945," Open Access publications from University College Dublin urn:hdl:10197/412, University College Dublin.
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