The peripheral protectionist backlash in the First Globalization: Spain (1870-1913)*
Carmen Fillat-Castejon () and
Gracia, Ana BelÃ©n
Authors registered in the RePEc Author Service: Marcela Sabate ()
Revista de Historia EconÃ³mica / Journal of Iberian and Latin American Economic History, 2011, vol. 29, issue 1, 95-121
This paper studies the role played by different trade barriers (transport costs, customs and currency) in the evolution of Spanish imports during the First Globalization (1870-1913). Through the estimation of several gravity equations with panel data analysis, we obtain the elasticities of imports to each barrier, which allows us to combine them into a single ad valorem measure of barriers to trade (which we call the trade costs tariff equivalent). More interestingly, the contribution of the barriers to the profile of the tariff equivalent, as well as the assignment of an active role to the peseta exchange rate as a barrier, illustrates the existence of a protectionist backlash against the sustained decline in transport costs in the period 1870-1913.
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cup:reveco:v:29:y:2011:i:01:p:95-121_00
Access Statistics for this article
More articles in Revista de Historia EconÃ³mica / Journal of Iberian and Latin American Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Keith Waters ().