Journal article
The anatomy of a trade collapse: the UK, 1929–1933
- Abstract:
- A recent literature explores the nature and causes of the 2008–2009 collapse in international trade. The decline was particularly great for automobiles and industrial supplies; it occurred largely along the intensive margin; quantities fell by more than prices; and prices fell less for differentiated products. Do these “stylized facts” hold for all trade collapses? This paper uses detailed, commodity-specific information on UK imports between 1929 and 1933 to compare the Great Depression and the Great Recession. It also compares the free trading collapse of 1929–1931 with the protectionist collapse of 1931–1933, to examine the relative importance of protection for the UK trade patterns.
- Publication status:
- Published
- Peer review status:
- Peer reviewed
Actions
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- Files:
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(Preview, Accepted manuscript, pdf, 1.5MB, Terms of use)
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- Publisher copy:
- 10.1093/ereh/hey029
Authors
- Publisher:
- Oxford University Press
- Journal:
- European Review of Economic History More from this journal
- Volume:
- 23
- Issue:
- 1
- Pages:
- 123–144
- Publication date:
- 2018-11-17
- Acceptance date:
- 2018-10-24
- DOI:
- EISSN:
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1474-0044
- ISSN:
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1361-4916
- Language:
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English
- Pubs id:
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pubs:930903
- UUID:
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uuid:a3855709-5a8f-4145-800c-7dff318157b1
- Local pid:
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pubs:930903
- Source identifiers:
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930903
- Deposit date:
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2018-10-24
Terms of use
- Copyright holder:
- de Bromhead et al
- Copyright date:
- 2018
- Rights statement:
- Copyright © 2018 The Authors. Published by Oxford University Press on behalf of the European Historical Economics Society.
- Notes:
- This is the accepted manuscript version of the article. The final version is available online from Oxford University Press at https://doi.org/10.1093/ereh/hey029
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