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Tariffs and the Expansion of the American Pig Iron Industry, 1870-1940

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  • Kanda Naknoi

Abstract

This study quantifies dynamic learning effects behind the tariff wall in the American pig iron industry in 1870-1940. First, we present new datasets to argue that imported and domestic pig iron were close substitutes. Next, we provide evidence for dynamic learning effects. Finally, we use the estimated learning rate to simulate the hypothetical free trade regime starting in 1870. Despite substantial learning at the early stage of development, free trade would have wiped out the domestic industry by 1881. This would be caused by unfavorable shocks on demand, input costs and transport costs.

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Bibliographic Info

Paper provided by Purdue University, Department of Economics in its series Purdue University Economics Working Papers with number 1214.

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Length: 30 pages
Date of creation: Sep 2008
Date of revision:
Handle: RePEc:pur:prukra:1214

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Keywords: Pig iron trade; protection; dynamic learning effects;

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  1. David, Paul A & Wright, Gavin, 1997. "Increasing Returns and the Genesis of American Resource Abundance," Industrial and Corporate Change, Oxford University Press, vol. 6(2), pages 203-45, March.
  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.
  3. Shiells, C.R. & Stern, R.M. & Deardorff, A.V., 1988. "Estimates Of The Elasticities Of Substitution Between Imports And Home Goods For The United States: Reply," Working Papers 235, Research Seminar in International Economics, University of Michigan.
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  10. Irwin, Douglas A., 2000. "Did Late-Nineteenth-Century U S. Tarriffs Promote Infant Industries? Evidence From the Tinplate Industry," The Journal of Economic History, Cambridge University Press, vol. 60(02), pages 335-360, June.
  11. Head, Keith, 1994. "Infant industry protection in the steel rail industry," Journal of International Economics, Elsevier, vol. 37(3-4), pages 141-165, November.
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  15. Paul Romer, 1991. "Endogenous Technological Change," NBER Working Papers 3210, National Bureau of Economic Research, Inc.
  16. Berck, Peter, 1978. "Hard Driving and Efficiency: Iron Production in 1890," The Journal of Economic History, Cambridge University Press, vol. 38(04), pages 879-900, December.
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  19. repec:cup:jechis:v:60:y:2008:i:02:p:335-360_00 is not listed on IDEAS
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