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War and Welfare: Britain, France and the United States 1807-14

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  • Kevin H. O'Rourke

    ()
    (Department of Economics, Trinity College)

Abstract

This paper assesses the relative welfare costs of the various embargos and blockades of the years 1807-1814 in three countries: Britain, France and the United States. Relative price evidence indicates that these blockades and embargos did restrict trade, and that britain was less severely affected than her rivals. Benchmark welfare estimates for the United States are particularly high, at roughly 5% per annum. While absolute welfare estimates depend on elasticity assumptions, the US unambiguously came out worst in these disputes, and Britain almost surely suffered lower losses than France as well.

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File URL: http://www.tcd.ie/Economics/TEP/2006_papers/TEP4.pdf
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Bibliographic Info

Paper provided by Trinity College Dublin, Department of Economics in its series Trinity Economics Papers with number tep2008.

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Length: 31 pages
Date of creation: Feb 2006
Date of revision:
Handle: RePEc:tcd:tcduee:tep2008

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Postal: Trinity College, Dublin 2
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Fax: 6772503
Web page: http://www.tcd.ie/Economics/
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  1. Kevin O'Rourke, 2005. "The worldwide economic impact of the Revolutionary and Napoleonic Wars," Trinity Economics Papers tep9, Trinity College Dublin, Department of Economics.
  2. Anderson, James E & Neary, J Peter, 1992. "A New Approach to Evaluating Trade Policy," CEPR Discussion Papers 683, C.E.P.R. Discussion Papers.
  3. Hueckel, Glenn, 1973. "War and the British economy, 1793-1815 a general equilibrium analysis," Explorations in Economic History, Elsevier, vol. 10(4), pages 365-396.
  4. O'Rourke, Kevin H & Williamson, Jeffrey G, 2001. "After Columbus: Explaining the Global Trade Boom 1500-1800," CEPR Discussion Papers 2809, C.E.P.R. Discussion Papers.
  5. Maxim Engers & Jonathan Eaton, 1999. "Sanctions: Some Simple Analytics," American Economic Review, American Economic Association, vol. 89(2), pages 409-414, May.
  6. Gary Clyde Hufbauer & Jeffrey J. Schott & Kimberly Ann Elliott, 1990. "Economic Sanctions Reconsidered: 2nd Edition," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 82.
  7. David H. Romer & Jeffrey A. Frankel, 1999. "Does Trade Cause Growth?," American Economic Review, American Economic Association, vol. 89(3), pages 379-399, June.
  8. O Rourke, Kevin H, 2006. "The worldwide economic impact of the French Revolutionary and Napoleonic Wars, 1793 1815," Journal of Global History, Cambridge University Press, vol. 1(01), pages 123-149, March.
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Cited by:
  1. Robert E. Lipsey, 2009. "Measuring International Trade in Services," NBER Chapters, in: International Trade in Services and Intangibles in the Era of Globalization, pages 27-70 National Bureau of Economic Research, Inc.
  2. Karol Jan BOROWIECKI, 2011. "Conflict-induced Migration of Composers: An Individual-level Study," Trinity Economics Papers tep0511, Trinity College Dublin, Department of Economics.
  3. David S. Jacks, 2010. "Foreign Wars, Domestic Markets: England, 1793-1815," NBER Working Papers 16236, National Bureau of Economic Research, Inc.
  4. Karol Jan BOROWIECKI, 2011. "Are Composers Different? Historical Evidence on Conflict-induced Migration (1816-1997)," Trinity Economics Papers tep0811, Trinity College Dublin, Department of Economics.
  5. David S. Jacks & Kevin H. O'Rourke & Jeffrey G. Williamson, 2011. "Commodity Price Volatility and World Market Integration since 1700," The Review of Economics and Statistics, MIT Press, vol. 93(3), pages 800-813, August.

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