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Anglo-American trade costs during the first era of globalization: the contribution of a bilateral tariff series

Varian, Brian D. (2017) Anglo-American trade costs during the first era of globalization: the contribution of a bilateral tariff series. Economic History Review, 71 (1). pp. 190-212. ISSN 0013-0117

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Identification Number: 10.1111/ehr.12486

Abstract

Previous scholarship has suggested that British trade was generally unaffected by foreign tariffs during the period from 1870 to 1913. This article focuses specifically on Anglo‐American trade, which was the largest bilateral flow of trade during the first era of globalization, and finds that tariffs were the sole intertemporal determinant of Anglo‐American trade costs. However, the determinacy of tariffs for Anglo‐American trade costs only becomes apparent when the tariff variable incorporates a measure of the bilateral American tariff toward Britain, which this article reconstructs. The article concludes by claiming that Anglo‐American trade represents a major qualification to any emerging consensus that foreign tariffs were of minor significance to the trade of late nineteenth‐century Britain

Item Type: Article
Official URL: https://onlinelibrary.wiley.com/journal/14680289
Additional Information: © 2017 Economic History Society
Divisions: Economic History
Subjects: H Social Sciences > HC Economic History and Conditions
Date Deposited: 23 Mar 2018 12:28
Last Modified: 20 Oct 2021 02:34
URI: http://eprints.lse.ac.uk/id/eprint/87341

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