The European Grain Invasion 1870-1913
This paper is primarily concerned with the effects of cheap grain on European wages, profits and rents. it brings a quantitative focus to bear on the question, just as Knick Harley (1978, 1980, 1986) and others have examined the quantitative implications of the grain invasion for the new world. The paper polots the dimensions of the grain invasion in several European countries, and explores the extente to which protection succeded in insulating economies from this international commodity market shock.
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