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Suez

Author

Listed:
  • David S. Jacks
  • Christopher M. Meissner
  • Nikolaus Wolf

Abstract

For all its importance, there still is no comprehensive quantitative assessment of the Suez Canal’s opening in 1869. We find that it led to a 72% relative increase in bilateral exports for affected country pairs and a likely permanent increase in world trade. With respect to the composition of trade, Suez was associated with large changes in export shares but only for a handful of goods categories. With respect to mechanisms, the relative cost of using steamships on Suez-affected routes fell dramatically and immediately after 1869, suggesting a vital role for the canal in the global diffusion of steam technology.

Suggested Citation

  • David S. Jacks & Christopher M. Meissner & Nikolaus Wolf, 2024. "Suez," NBER Working Papers 33250, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:33250
    Note: DAE ITI
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    More about this item

    JEL classification:

    • F1 - International Economics - - Trade
    • N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services

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