Four great Asian trade collapses

Alan de Bromhead, Alan Fernihough, Markus Lampe and Kevin Hjortshøj O’Rourke
Authors registered in the RePEc Author Service: Kevin Hjortshøj O'Rourke

No _190, Oxford Economic and Social History Working Papers from University of Oxford, Department of Economics

Abstract: 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 industrializing. On the other hand the import declines were geographically imbalanced, while prices were more important than quantities in driving the overall collapse.

Keywords: Trade collapses; interwar economy; protection (search for similar items in EconPapers)
JEL-codes: F14 N75 (search for similar items in EconPapers)
Date: 2021-04-01
New Economics Papers: this item is included in nep-cna, nep-cwa, nep-his, nep-int, nep-isf and nep-sea
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Journal Article: Four great Asian trade collapses (2021)
Working Paper: Four great Asian trade collapses (2021)
Working Paper: Four Great Asian Trade Collapses (2021)
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