When Britain Turned Inward: The Impact of Interwar British Protection

Alan de Bromhead, Alan Fernihough, Markus Lampe, Kevin Hjortshøj O´Rourke

Publication: Scientific journalJournal articlepeer-review

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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.
Original languageEnglish
Pages (from-to)325 - 352
JournalAmerican Economic Review
Volume109
Issue number2
DOIs
Publication statusPublished - 2019

Austrian Classification of Fields of Science and Technology (ÖFOS)

  • 502049 Economic history

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