TY - JOUR
T1 - World trade, 1800-1938
T2 - A new synthesis
AU - Federico, Giovanni
AU - Tena-Junguito, Antonio
N1 - Publisher Copyright:
© 2019 Instituto Figuerola, Universidad Carlos III de Madrid.
PY - 2019/3/1
Y1 - 2019/3/1
N2 - This paper outlines the development of world trade from 1800 to 1938. It relies on a newly compiled database, which, unlike previous works (e.g. Lewis 1981), reports series of imports and exports at current and constant prices and at current and constant (1913) borders for almost all existing polities. In the first sections, we outline the estimation methodology and assess the reliability of the series (now available at http://www.uc3m.es/tradehist-db). World trade grew very fast throughout the «long» 19th century, but growth rates were higher before 1870. We measure the effects of war and the Great Depression on total trade and trade by continent and polity. Within this general upward trend, the performance of polities differed by geographical location, level of development, political status and factor endowment. Finally, we estimate trends in the share of primary products, which declined until World War One, with an acceleration in the second half of the 19th century.
AB - This paper outlines the development of world trade from 1800 to 1938. It relies on a newly compiled database, which, unlike previous works (e.g. Lewis 1981), reports series of imports and exports at current and constant prices and at current and constant (1913) borders for almost all existing polities. In the first sections, we outline the estimation methodology and assess the reliability of the series (now available at http://www.uc3m.es/tradehist-db). World trade grew very fast throughout the «long» 19th century, but growth rates were higher before 1870. We measure the effects of war and the Great Depression on total trade and trade by continent and polity. Within this general upward trend, the performance of polities differed by geographical location, level of development, political status and factor endowment. Finally, we estimate trends in the share of primary products, which declined until World War One, with an acceleration in the second half of the 19th century.
KW - World trade
KW - historical database
KW - new synthesis
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U2 - 10.1017/S0212610918000216
DO - 10.1017/S0212610918000216
M3 - Article
AN - SCOPUS:85066068239
SN - 0212-6109
VL - 37
SP - 9
EP - 41
JO - Revista de Historia Economica - Journal of Iberian and Latin American Economic History
JF - Revista de Historia Economica - Journal of Iberian and Latin American Economic History
IS - 1
ER -