Market Power and Commodity Prices: Brazil, Chile and the United States, 1820s-1930
The paper focuses on market power by certain countries in specific commodity markets as a crucial factor in explaining the level of protection. It is argued that a country which is a price maker in the world market of a specific commodity might affect its world price through export taxes, import taxes and commodity stockpiling. Standard reduced form equations were estimated to test if significant market shares in international markets of Brazilian coffee, Chilean saltpetre and US cotton implied domestic variables were relevant for the determination of the corresponding world commodity prices. Results suggest the producers succeeded in passing through increases in internal costs to the relevant world commodity price.
|Date of creation:||Dec 2005|
|Date of revision:|
|Contact details of provider:|| Postal: Rua Marquês de São Vicente, 225, 22453-900 Rio de Janeiro, RJ|
Phone: 021 35271078
Fax: 021 35271084
Web page: http://www.econ.puc-rio.br
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- O'Rourke, K, 1997.
"Tariffs and Growth in the Late 19th Century,"
97/18, College Dublin, Department of Political Economy-.
- Irwin, Douglas A., 2003.
"The optimal tax on antebellum US cotton exports,"
Journal of International Economics,
Elsevier, vol. 60(2), pages 275-291, August.
- Harley, C.K., 1991.
"The Antebellum American Tariff : Food Exports and Manufacturing,"
UWO Department of Economics Working Papers
9105, University of Western Ontario, Department of Economics.
- Harley, C. Knick, 1992. "The antebellum American tariff: Food exports and manufacturing," Explorations in Economic History, Elsevier, vol. 29(4), pages 375-400, October.
- José Díaz & Gert Wagner, 2004. "Política Comercial: Instrumentos y Antecedentes. Chile en los Siglos XIX y XX," Documentos de Trabajo 223, Instituto de Economia. Pontificia Universidad Católica de Chile..
- Marcelo de Paiva Abreu, 2004. "The Political Economy of High Protection in Brazil before 1987," IDB Publications (Working Papers) 9375, Inter-American Development Bank.
- Juan Braun-Llona & Matías Braun-Llona & Ignacio Briones & José Díaz & Rolf Lüders & Gert Wagner, . "Economía Chilena 1810-1995. Estadísticas Históricas," Documentos de Trabajo 187, Instituto de Economia. Pontificia Universidad Católica de Chile..
- Estevadeordal, Antoni, 1997. "Measuring protection in the early twentieth century," European Review of Economic History, Cambridge University Press, vol. 1(01), pages 89-125, April.
- James, John A, 1981. "The Optimal Tariff in the Antebellum United States," American Economic Review, American Economic Association, vol. 71(4), pages 726-34, September.
- Rolf Lüders & Gert Wagner, 2003. "Export Tariff, Welfare and Public Finance: Nitrates from 1880 to 1930," Documentos de Trabajo 241, Instituto de Economia. Pontificia Universidad Católica de Chile..
When requesting a correction, please mention this item's handle: RePEc:rio:texdis:511. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If references are entirely missing, you can add them using this form.