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Beggar Thy Neighbour: British Imports during the Inter-War Years and the effect of the 1932 tariff

Author

Listed:
  • Nicholas Horsewood
  • Somnath Sen
  • Anca Voicu

Abstract

With the competitiveness of UK manufacturing declining steadily during the interwar period, and a significant rise in unemployment in the early 1930s, the UK government responded by introducing the General Tariff in February 1932 in an attempt to halt the increase in unemployment and the deterioration of the current account. This paper focuses formally on UK aggregate imports in the inter-war years, by estimating an import demand function on a new data set, and considers the effectiveness of this fundamental change in trade policy.

Suggested Citation

  • Nicholas Horsewood & Somnath Sen & Anca Voicu, 2010. "Beggar Thy Neighbour: British Imports during the Inter-War Years and the effect of the 1932 tariff," Discussion Papers 10-31, Department of Economics, University of Birmingham.
  • Handle: RePEc:bir:birmec:10-31
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    File URL: ftp://ftp.bham.ac.uk/pub/RePEc/pdf/1031.pdf
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    More about this item

    Keywords

    Trade policy; protectionism; General Tariff; British Trade; inter-war years; open economy macroeconomics;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • N74 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: 1913-

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