Including contributions from such figures as Douglas Irwin, James Foreman-Peck, Kevin O'Rourke and Max-Stefan-Schulze, this key book summarizes the recent empirical research carried out on the issue of the classical period of trade protectionism. It provides a basis for revising widely held views on the standard effects of tariffs on economic structures and progress, as well as a historical perspective on recent developments.
Long-held views on modern trade policies have been challenged by the introduction of recent theoretical developments in international economics and in measurement techniques brought about in the 1960s and 70s. One question in particular has attracted attention and has contributed to the bringing to light of a number of previously ignored measurement and interpretation problems: the assessment of French and British nineteenth century trade policies.
This noteworthy volume examines the theoretical and practical problems associated with the assessment and measurement of the direct impact of tariffs, prohibitions and quotas on domestic prices, output structure and competitiveness. The contributors also examine the direct and long-run consequences of protectionist measures on particular economies, utilizing evidence from in-depth investigations of trade statistics as well as ‘best practice’ statistical techniques such as effective protection, elasticity of demand and revealed comparative advantage.
Table of Contents
Introduction Section 1. Assessing the Intensity of 19th Century Protectionism 1. The Myth of Free-Trade Britain and Fortress France: Tariffs And trade in the 19th Century 2. Britain and France Revisited: A Comment on Nye 3. Reply to Irwin on Free-Trade 4. Measuring Protection: A Cautionary Tale 5. Measuring Protection in the Early 20th Century 6. Measuring Protection Overtime. Revenue and Protective Tariffs in the 19th Century Section 2. The Impact and Implications of Tariff Barriers 7. Tariffs and Growth in the Late 19th Century 8. Interpreting the Tariff-Growth Correlation in the Late 19th Century 9. The Impact of Late 19th Century Tariffs on the Productivity of European Industries, 1870-1930 10. Trade Policy and Economic Development in Italy 1870-1930: A Reassessment 11. From Virtual Free-Trade to Virtual Protectionism: Explaining Germany’s Successful Insertion into the World Economy 1850-1913 12. Translation of ‘O Proteccionismo em Portugal (1842-1913): Um Caso mal Sucedido de Industrializaçao Concorrencial’ 13. Translation of ‘Un Nuevo Perfil del Proteccionismo Espanol Durante la Restauracion 1875-1930’ 14. Southern European economic Backwardness Revisited: The Role of Open Economy Forces in the Balkans 1870-1930 15. The Role of Tariffs in Late Nineteenth Century European Economic Development