Antonio Tena-Junguito

Earl J. Hamilton 2011

“Bairoch revisited: tariff structure and growth in the late nineteenth century” European Review of Economic History, (2010), 14, pp 111-143

Abstract:
This article revisits Bairoch’s hypothesis that in the late nineteenth century tariffs were positively associated with growth, as recently confirmed by a new generation of quantitative studies (see O’Rourke 2000; Jacks 2006; Clemens and Williamson 2002, 2004). This article highlights the importance of the structure of protection in the relation between trade policy and its potential growth-promoting impact. Evidence is based on a new database on industrial tariffs for the 1870s. The results show that income, factor endowment and policy independence are important for explaining regional asymmetries between tariffs and growth. At a global level, increased protection, measured by total and average tariffs on manufactures, implied more unskilled inefficient protection and less growth, and this is especially true for the poor countries in the late nineteenth century. Protection was only positive for a ‘rich club’ if we include in this group new settler countries, which grew rapidly in the late nineteenth century and imposed high tariffs mainly for fiscal reasons.

Antonio Tena es Doctor en Economía por la Universidad de Alcalá de Henares y Profesor Titular de Historia e Instituciones Económicas en la Universidad Carlos III de Madrid. Editor jefe de la Revista de historia Económica-Journal of Iberian and Latin American Economic History.

Más información en:
http://www.uc3m.es/portal/page/portal/dpto_historia_economica..
E-mail: antonio.tena@uc3m.es