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Neutrality and Mediterranean Shipping Under Danish Flag, 1750-1807

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  • Hans-Joachim Voth
  • Dan H. Andersen

Abstract

The paper tests the hypothesis that the consistent neutrality of the Danish Monarchy during the great wars of the eighteenth century may have permanently increased the kingdom’s shipping in the Mediterranean. It does so by using data derived from Algerian Passport Registers for the years 1750-1807. Modern time-series techniques are applied to analyse the relative importance of neutrality and favourable factor endowments. We show that the data lends qualified support to both hypotheses, with two thirds of the rise in Danish shipping attributable to neutrality and the remainder, by implication, to favourable factor endowments.

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Bibliographic Info

Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 1997-W18.

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Date of creation: 01 Sep 1997
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Handle: RePEc:oxf:wpaper:1997-w18

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  7. Schwert, G William, 1989. "Tests for Unit Roots: A Monte Carlo Investigation," Journal of Business & Economic Statistics, American Statistical Association, vol. 7(2), pages 147-59, April.
  8. In Choi & Bhum Suk Chung, 1995. "Sampling frequency and the power of tests for a unit root: A simulation study," Economics Letters, Elsevier, vol. 49(2), pages 131-136, August.
  9. Leybourne, S J, 1995. "Testing for Unit Roots Using Forward and Reverse Dickey-Fuller Regressions," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 57(4), pages 559-71, November.
  10. Perron, Pierre, 1989. "The Great Crash, the Oil Price Shock, and the Unit Root Hypothesis," Econometrica, Econometric Society, vol. 57(6), pages 1361-1401, November.
  11. Williamson, Jeffrey G., 1987. "Debating the British industrial revolution," Explorations in Economic History, Elsevier, vol. 24(3), pages 269-292, July.
  12. Spanos,Aris, 1986. "Statistical Foundations of Econometric Modelling," Cambridge Books, Cambridge University Press, number 9780521269124, April.
  13. Crafts, Nicholas, 1996. "Endogenous Growth: Lessons for and from Economic History," CEPR Discussion Papers 1333, C.E.P.R. Discussion Papers.
  14. Blough, Stephen R, 1992. "The Relationship between Power and Level for Generic Unit Root Tests in Finite Samples," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 7(3), pages 295-308, July-Sept.
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  16. Nelson, Charles R. & Plosser, Charles I., 1982. "Trends and random walks in macroeconmic time series : Some evidence and implications," Journal of Monetary Economics, Elsevier, vol. 10(2), pages 139-162.
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Cited by:
  1. Paul David & Gavin Wright, 1999. "General Purpose Technologies and Surges in Productivity: Historical Reflections on the Future of the ICT Revolution," Economics Series Working Papers 1999-W31, University of Oxford, Department of Economics.
  2. Alasdair Crockett, 2000. "Variations in Churchgoing Rates in England in 1851: Supply-side Deficiency or Demand-led Decline," Oxford University Economic and Social History Series _036, Economics Group, Nuffield College, University of Oxford.
  3. Regina Grafe, 2004. "Popish habits vs. nutritional need: Fasting and fish consumption in Iberia in the early modern period," Economics Series Working Papers 2004-W55, University of Oxford, Department of Economics.
  4. Federico Varese & Meir Yaish, 1998. "Altruism: The Importance of being Asked. The Rescue of Jews in Nazi Europe," Oxford University Economic and Social History Series _024, Economics Group, Nuffield College, University of Oxford.

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