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An Econometric Model of National Income, Commercial Policy and the Level of International Trade: The Open Economies of Europe, 1924–1938

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  • Friedman, Philip

Abstract

The history of European trade is replete with cases of aggressive and restrictive commercial policies. These policies were part of the permanent nature of economic relationships among European nations from feudalism onward. Keynes' golden age passage in The Economic Consequences of the Peace exaggerates the extent to which prewar Europe was a free trade zone.

Suggested Citation

  • Friedman, Philip, 1978. "An Econometric Model of National Income, Commercial Policy and the Level of International Trade: The Open Economies of Europe, 1924–1938," The Journal of Economic History, Cambridge University Press, vol. 38(1), pages 148-180, March.
    • Handle: RePEc:cup:jechis:v:38:y:1978:i:01:p:148-180_08
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    Cited by:

    1. K. Dimitrova & Nikolay Nenovsky & G. Pavanelli, 2007. "Exchange rate control in Italy and Bulgaria in the interwar period. History and Perspectives," Post-Print halshs-00259693, HAL.
    2. Nikolay Nenovsky & Giovanni Pavanelli & Kalina Dimitrova, 2017. "Exchange Control in Italy and Bulgaria in the Interwar Period: History and Perspectives," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 5-33, March.
    3. Albers, Thilo Nils Hendrik, 2018. "The prelude and global impact of the Great Depression: Evidence from a new macroeconomic dataset," Explorations in Economic History, Elsevier, vol. 70(C), pages 150-163.
    4. Nikolay Nenovsky & Giovanni Pavanelli & Kalina Dimitrova, 2007. "Exchange Control in Italy and Bulgaria in the Interwar Period: History and Perspectives," ICER Working Papers 40-2007, ICER - International Centre for Economic Research.

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