Including contributions from such figures as Douglas Irwin, James
Foreman-Peck, Kevin O'Rourke and Max-Stefan-Schulze, this key book
summarizes the recent empirical research carried out on the issue
of the classical period of trade protectionism. It provides a basis
for revising widely held views on the standard effects of tariffs
on economic structures and progress, as well as a historical
perspective on recent developments. Long-held views on modern trade
policies have been challenged by the introduction of recent
theoretical developments in international economics and in
measurement techniques brought about in the 1960s and 70s. One
question in particular has attracted attention and has contributed
to the bringing to light of a number of previously ignored
measurement and interpretation problems: the assessment of French
and British nineteenth century trade policies. This noteworthy
volume examines the theoretical and practical problems associated
with the assessment and measurement of the direct impact of
tariffs, prohibitions and quotas on domestic prices, output
structure and competitiveness. The contributors also examine the
direct and long-run consequences of protectionist measures on
particular economies, utilizing evidence from in-depth
investigations of trade statistics as well as 'best practice'
statistical techniques such as effective protection, elasticity of
demand and revealed comparative advantage.
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