@article{81c82d1e69904b5bbd387f2e7dd4644c,
title = "Four great Asian trade collapses",
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 industrialising. On the other hand the import declines were geographically imbalanced, while prices were more important than quantities in driving the overall collapse.",
keywords = "interwar economy, protection, trade collapses",
author = "{de Bromhead}, Alan and Alan Fernihough and Markus Lampe and O'Rourke, {Kevin Hjortsh{\o}j}",
note = "Funding Information: This paper is written in honour of Jeffrey Williamson, whose work on globalisation and deglobalisation (to take just one, early contribution, Williamson, 1996 ) and the economic history of the non‐Western world (again to take just two examples, Williamson, 2006 and Williamson, 2011 ) has been an inspiration to all of us. We are extremely grateful to Steve Broadberry, Bishnu Gupta and Debin Ma for their very helpful advice, and to Loren Brandt, Pierre van der Eng, Kyoji Fukao and Tom Rawski for providing us with, and guiding us through, the data. Carol Shiue and Wolfgang Keller were kind enough to share their scans of the Chinese trade data with us, and we are very grateful to them. Sascha Becker very generously spent time in the library photographing an out of print book for us and we owe him a special debt of gratitude. Thanks also to Andrew Seltzer and an anonymous referee, and especially to Anders Mikkelsen who spent many hours typing in data. This paper has been written as part of a longer‐run project on trade and trade policy during the interwar period. We gratefully acknowledge the financial support of the european research council (ERC), under the European Union's Seventh Framework Programme (FP7/2007–2013), ERC grant agreement 249546; the Oxford History Faculty's Sanderson Fund; and the John Fell OUP Research Fund. The usual disclaimer applies. Publisher Copyright: {\textcopyright} 2021 The Authors. Australian Economic History Review published by Economic History Society of Australia and New Zealand and John Wiley & Sons Australia, Ltd.",
year = "2021",
month = jul,
doi = "10.1111/aehr.12215",
language = "English (US)",
volume = "61",
pages = "159--185",
journal = "Australian Economic History Review",
issn = "0004-8992",
publisher = "Wiley-Blackwell",
number = "2",
}