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来源类型Working Paper
规范类型报告
DOI10.3386/w26865
来源IDWorking Paper 26865
International Transactions: Real Trade and Factor Flows between 1700 and 1870
Wolfgang Keller; Markus Lampe; Carol H. Shiue
发表日期2020-03-23
出版年2020
语种英语
摘要This paper describes broad regional and temporal trends in the evolution of international trade and international factor flows between 1700 and 1870, including key differences in trade costs across space and time. We find trade links in Western Europe and the European colonies of North America intensified at the same time these regions experienced the initial industrial revolution and the spread of industrialization, which led to sustained economic growth. At the same time, global differences in specialization and income emerged. To understand the contribution of global market forces, as well as colonialism to these differences, the chapter lays out theoretical reasons for links between trade and economic growth and examines related historical arguments and evidence. We conclude that trade contributed to global divergence, but the magnitude and mechanisms through which trade affected global welfare lies not so much in the direct impact of trade and specialization, but in multiplier effects emerging from the interactions of trade with other factors that affect economic development.
主题History ; Macroeconomic History
URLhttps://www.nber.org/papers/w26865
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/584538
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GB/T 7714
Wolfgang Keller,Markus Lampe,Carol H. Shiue. International Transactions: Real Trade and Factor Flows between 1700 and 1870. 2020.
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