NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

When Britain turned inward: Protection and the shift towards Empire in Interwar Britain

Alan de Bromhead, Alan Fernihough, Markus Lampe, Kevin Hjortshøj O'Rourke

NBER Working Paper No. 23164
Issued in February 2017, Revised in March 2017
NBER Program(s):Development of the American Economy, International Trade and Investment

International trade became much less multilateral during the 1930s. Previous studies, looking at aggregate trade flows, have argued that discriminatory trade policies had comparatively little to do with this. Using highly disaggregated information on the UK’s imports and trade policies, we find that policy can explain the majority of Britain’s shift towards Imperial imports in the 1930s. Trade policy mattered, a lot.

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Document Object Identifier (DOI): 10.3386/w23164

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