de Bromhead, Alan, Fernihough, Alan, Lampe, Markus, O´Rourke, Kevin Hjortshøj. 2019. The anatomy of a trade collapse: the UK, 1929–1933. European Review of Economic History. 23 (2), 123-144.
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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.
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Status of publication | Published |
---|---|
Affiliation | WU |
Type of publication | Journal article |
Journal | European Review of Economic History |
Citation Index | SSCI |
WU-Journal-Rating new | VW-D, WH-B |
Language | English |
Title | The anatomy of a trade collapse: the UK, 1929–1933 |
Volume | 23 |
Number | 2 |
Year | 2019 |
Page from | 123 |
Page to | 144 |
Reviewed? | Y |
URL | https://doi.org/10.1093/ereh/hey029 |
DOI | https://doi.org/10.1093/ereh/hey029 |
Open Access | Y |
Open Access Link | https://www.economics.ox.ac.uk/materials/working_papers/4582/160januaryde-bromhead-et-al.pdf |
JEL | F14, N74 |
Associations
- People
- Lampe, Markus (Details)
- External
- de Bromhead, Alan (Queen's University Belfast, United Kingdom)
- Fernihough, Alan (Queen's University Belfast, United Kingdom)
- O´Rourke, Kevin Hjortshøj (University of Oxford, United Kingdom)
- Organization
- Institute for Economic and Social History IN (Details)
- Research areas (ÖSTAT Classification 'Statistik Austria')
- 5340 Economic history (Details)
- 5344 Foreign trade (Details)
- 6521 Economic history (Details)