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When Britain Turned Inward: The Impact of Interwar British Protection

Author

Listed:
  • Alan de Bromhead
  • Alan Fernihough
  • Markus Lampe
  • Kevin Hjortshøj O'Rourke

Abstract

International trade collapsed, and also became much less multilateral, during the 1930s. Previous studies, looking at aggregate trade flows, have argued that trade policies had relatively little to do with either phenomenon. Using a new dataset incorporating highly disaggregated information on the United Kingdom's imports and trade policies, we find that while conventional wisdom is correct regarding the impact of trade policy on the total value of British imports, discriminatory trade policies can explain the majority of Britain's shift toward Imperial imports in the 1930s.

Suggested Citation

  • Alan de Bromhead & Alan Fernihough & Markus Lampe & Kevin Hjortshøj O'Rourke, 2019. "When Britain Turned Inward: The Impact of Interwar British Protection," American Economic Review, American Economic Association, vol. 109(2), pages 325-352, February.
  • Handle: RePEc:aea:aecrev:v:109:y:2019:i:2:p:325-52
    Note: DOI: 10.1257/aer.20172020
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    More about this item

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
    • N74 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: 1913-

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