Quotation de Bromhead, Alan, Fernihough, Alan, Lampe, Markus, O´Rourke, Kevin Hjortshøj. 2021. Four great Asian trade collapses. Australian Economics History Review. 61 (2), 159-185.




This paper introduces a new dataset of commodity-specific, bilateral import data for four large Asian economies in the interwar period: China, the Dutch East Indies, India and Japan. It uses these data to describe the interwar trade collapses in the economies concerned. These resembled the post-2008 Great Trade Collapse in some respects but not in others: they occurred along the intensive margin, imports of cars were particularly badly affected, and imports of durable goods fell by more than those of non-durables, except in China and India which were rapidly industrialising. On the other hand the import declines were geographically imbalanced, while prices were more important than quantities in driving the overall collapse.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal Australian Economics History Review
Citation Index SSCI
Language English
Title Four great Asian trade collapses
Volume 61
Number 2
Year 2021
Page from 159
Page to 185
Reviewed? Y
URL https://onlinelibrary.wiley.com/doi/10.1111/aehr.12215
DOI https://doi.org/10.1111/aehr.12215
Open Access Y
Open Access Link https://doi.org/10.1111/aehr.12215
JEL N75, F14


Lampe, Markus (Details)
de Bromhead, Alan (Queen's University Belfast, United Kingdom)
Fernihough, Alan (Queen's University Belfast, United Kingdom)
O´Rourke, Kevin Hjortshøj (NYU Abu Dhabi, United Arab Emirates)
Institute for Economic and Social History IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5337 World trade science (Details)
5340 Economic history (Details)
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