| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w28142 |
| 来源ID | Working Paper 28142 |
| The Economic Consequences of Sir Robert Peel: A Quantitative Assessment of the Repeal of the Corn Laws | |
| Douglas A. Irwin; Maksym G. Chepeliev | |
| 发表日期 | 2020-11-30 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | This paper provides a quantitative general equilibrium evaluation of the repeal of Britain’s Corn Laws in 1846, the signature trade policy event of the nineteenth century. In studying the impact of abolishing the import duty on wheat, our framework highlights (a) the large open economy impact on the country’s terms of trade and (b) the distribution impact on the factor earnings and the expenditure patterns of two different income groups. Based on a detailed input-output matrix of the British economy in 1841, our model suggests that the repeal left Britain’s overall welfare roughly unchanged as the static efficiency gains are offset by the adverse terms-of-trade effects. Laborers and capital owners gained a slight amount at the expense of landowners (whose income fell about 3-5 percent). Combining these changes in factor payments with the different consumption patterns across income groups, we find that the top 10 percent of income earners lose while the bottom 90 percent of income earners, who spent a disproportionate amount of their income on food, gain. |
| 主题 | International Economics ; Trade ; History ; Labor and Health History ; Other History |
| URL | https://www.nber.org/papers/w28142 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585816 |
| 推荐引用方式 GB/T 7714 | Douglas A. Irwin,Maksym G. Chepeliev. The Economic Consequences of Sir Robert Peel: A Quantitative Assessment of the Repeal of the Corn Laws. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w28142.pdf（270KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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