American Economic Review Vol. 109 No. 2 2019

When Britain Turned Inward: The Impact of Interwar British Protection

Alan de Bromhead¹; Alan Fernihough¹; Markus Lampe²; Kevin O'Rourke³

¹ Queen’s Management School, Riddel Hall I, 185 Stranmillis Road, Belfast, BT9 5EE, United Kingdom (email: ) · ² Institute for Economic and Social History, Vienna University of Economics and Business, Welthandelsplatz 1, Geb. D4, 3rd floor 1020 Wien/Vienna, Austria (email: ) · ³ All Souls College, Oxford OX1 4AL, United Kingdom (email: )

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.

DOI

10.1257/aer.20172020

Volume

109

Issue

2

Pages

325-352

Language

en

Sources

bibtex:phds-export.bib crossref openalex

Cite

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