IDEAS home Printed from https://ideas.repec.org/p/tcd/tcduee/tep2008.html
   My bibliography  Save this paper

War and Welfare: Britain, France and the United States 1807-14

Author

Listed:
  • Kevin H. O'Rourke

    (Department of Economics, Trinity College)

Abstract

This paper assesses the relative welfare costs of the various embargos and blockades of the years 1807-1814 in three countries: Britain, France and the United States. Relative price evidence indicates that these blockades and embargos did restrict trade, and that britain was less severely affected than her rivals. Benchmark welfare estimates for the United States are particularly high, at roughly 5% per annum. While absolute welfare estimates depend on elasticity assumptions, the US unambiguously came out worst in these disputes, and Britain almost surely suffered lower losses than France as well.

Suggested Citation

  • Kevin H. O'Rourke, 2006. "War and Welfare: Britain, France and the United States 1807-14," Trinity Economics Papers tep2008, Trinity College Dublin, Department of Economics.
    • Handle: RePEc:tcd:tcduee:tep2008
    as

    Download full text from publisher

    File URL: http://www.tcd.ie/Economics/TEP/2006_papers/TEP4.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. James E. Anderson & J. Peter Neary, 1996. "A New Approach to Evaluating Trade Policy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 63(1), pages 107-125.
    2. de la Escosura,Leandro Prados (ed.), 2004. "Exceptionalism and Industrialisation," Cambridge Books, Cambridge University Press, number 9780521793049, January.
    3. David H. Romer & Jeffrey A. Frankel, 1999. "Does Trade Cause Growth?," American Economic Review, American Economic Association, vol. 89(3), pages 379-399, June.
    4. O'Rourke, Kevin, 2005. "The Worldwide Economic Impact of the Revolutionary and Napoleonic Wars," CEPR Discussion Papers 5079, C.E.P.R. Discussion Papers.
    5. K. H. O'Rourke & J. G. Williamson, 2001. "After Columbus: Explaining the Global Trade Boom 1500-1800," CEG Working Papers 20014, Trinity College Dublin, Department of Economics.
    6. Maxim Engers & Jonathan Eaton, 1999. "Sanctions: Some Simple Analytics," American Economic Review, American Economic Association, vol. 89(2), pages 409-414, May.
    7. Gary Clyde Hufbauer & Jeffrey J. Schott & Kimberly Ann Elliott, 2009. "Economic Sanctions Reconsidered, 3rd Edition (paper)," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 4129, April.
    8. Anthony Webster, 1990. "The political economy of trade liberalization: the East India Company Charter Act of 1813," Economic History Review, Economic History Society, vol. 43(3), pages 404-419, August.
    9. Hueckel, Glenn, 1973. "War and the British economy, 1793-1815 a general equilibrium analysis," Explorations in Economic History, Elsevier, vol. 10(4), pages 365-396.
    10. O’Rourke, Kevin H, 2006. "The worldwide economic impact of the French Revolutionary and Napoleonic Wars, 1793–1815," Journal of Global History, Cambridge University Press, vol. 1(1), pages 123-149, March.
    11. Esteban, Javier Cuenca, 1997. "The Rising Share of British Industrial Exports in Industrial Output, 1700–1851," The Journal of Economic History, Cambridge University Press, vol. 57(4), pages 879-906, December.
    12. Gary Clyde Hufbauer & Jeffrey J. Schott & Kimberly Ann Elliott, 1990. "Economic Sanctions Reconsidered: 2nd Edition," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 82, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Karol Jan Borowiecki, 2013. "Conflict-induced migration of composers: an individual-level study," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 7(3), pages 237-266, September.
    2. Jacks, David S., 2011. "Foreign wars, domestic markets: England, 1793–1815," European Review of Economic History, Cambridge University Press, vol. 15(2), pages 277-311, August.
    3. David S. Jacks & Kevin H. O'Rourke & Jeffrey G. Williamson, 2011. "Commodity Price Volatility and World Market Integration since 1700," The Review of Economics and Statistics, MIT Press, vol. 93(3), pages 800-813, August.
    4. Hinz, Julian, 2017. "The cost of sanctions: Estimating lost trade with gravity," Kiel Working Papers 2093, Kiel Institute for the World Economy (IfW Kiel).
    5. Robert E. Lipsey, 2009. "Measuring International Trade in Services," NBER Chapters, in: International Trade in Services and Intangibles in the Era of Globalization, pages 27-70, National Bureau of Economic Research, Inc.
    6. Karol Jan Borowiecki, 2012. "Are composers different? Historical evidence on conflict-induced migration (1816-1997)," European Review of Economic History, European Historical Economics Society, vol. 16(3), pages 270-291, August.
    7. Matthieu Crozet & Julian Hinz, 2016. "Collateral Damage: The impact of the Russia sanctions on sanctioning countries’ exports," Working Papers 2016-16, CEPII research center.
    8. Klovland, Jan Tore, 2014. "Challenges for the construction of historical price indices: The case of Norway, 1777-1920," Discussion Paper Series in Economics 5/2014, Norwegian School of Economics, Department of Economics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. O'Rourke, Kevin, 2005. "The Worldwide Economic Impact of the Revolutionary and Napoleonic Wars," CEPR Discussion Papers 5079, C.E.P.R. Discussion Papers.
    2. repec:tcd:wpaper:tep9 is not listed on IDEAS
    3. Caruso Raul, 2003. "The Impact of International Economic Sanctions on Trade: An Empirical Analysis," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 9(2), pages 1-36, April.
    4. von Soest, Christian & Wahman, Michael, 2013. "Sanctions and Democratization in the Post-Cold War Era," GIGA Working Papers 212, GIGA German Institute of Global and Area Studies.
    5. Kevin H. O'Rourke, Leandro Prados de la Escosura and Guilllaume Daudin, 2008. "Trade and Empire, 1700-1870," The Institute for International Integration Studies Discussion Paper Series iiisdp249, IIIS.
    6. Naghavi, Alireza & Pignataro, Giuseppe, 2015. "Theocracy and resilience against economic sanctions," Journal of Economic Behavior & Organization, Elsevier, vol. 111(C), pages 1-12.
    7. repec:hal:spmain:info:hdl:2441/6149 is not listed on IDEAS
    8. Kaz Miyagiwa & Yuka Ohno, 2015. "Nuclear bombs and economic sanctions," Southern Economic Journal, John Wiley & Sons, vol. 82(2), pages 635-646, October.
    9. Caruana, Leonard & Rockoff, Hugh, 2003. "A Wolfram in Sheep's Clothing: Economic Warfare in Spain, 1940–1944," The Journal of Economic History, Cambridge University Press, vol. 63(1), pages 100-126, March.
    10. repec:spo:wpmain:info:hdl:2441/6149 is not listed on IDEAS
    11. Denise Guthrie & Erick Duchesne, 2003. "(Mis)Selection Effects and Sovereignty Costs: An Alternative Measure of the Costs of Sanctions," University of Western Ontario, Economic Policy Research Institute Working Papers 20032, University of Western Ontario, Economic Policy Research Institute.
    12. Fuchs, Andreas & Klann, Nils-Hendrik, 2013. "Paying a visit: The Dalai Lama effect on international trade," Journal of International Economics, Elsevier, vol. 91(1), pages 164-177.
    13. Michael Horowitz & Dan Reiter, 2001. "When Does Aerial Bombing Work?," Journal of Conflict Resolution, Peace Science Society (International), vol. 45(2), pages 147-173, April.
    14. Kimberly Ann Elliott, 2003. "Economic Leverage and the North Korean Nuclear Crisis," Policy Briefs PB03-03, Peterson Institute for International Economics.
    15. Ralph, Lauren, 2019. "In Consideration of Economic Sanctions," Studies in Applied Economics 131, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    16. Philippe Martin & Thierry Mayer & Mathias Thoenig, 2008. "Make Trade Not War?," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 75(3), pages 865-900.
    17. Lee, Yong Suk, 2018. "International isolation and regional inequality: Evidence from sanctions on North Korea," Journal of Urban Economics, Elsevier, vol. 103(C), pages 34-51.
    18. Gabriel Felbermayr & Erdal Yalcin & Philipp Grübener, 2014. "Ökonomische Aspekte des Russlandkonfliktes: Ursachen, Kosten, Optionen," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(14), pages 35-43, July.
    19. Waldkirch, Andreas, 2006. "The ‘New Regionalism’: Integration as a Commitment Device for Developing Countries," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 21, pages 397-425.
    20. Chaim Fershtman & Neil Gandal, 1998. "The Effect of the Arab Boycott on Israel: The Automobile Market," RAND Journal of Economics, The RAND Corporation, vol. 29(1), pages 193-214, Spring.
    21. Daniel Berger & William Easterly & Nathan Nunn & Shanker Satyanath, 2013. "Commercial Imperialism? Political Influence and Trade during the Cold War," American Economic Review, American Economic Association, vol. 103(2), pages 863-896, April.
    22. Hiau LooiKee & Alessandro Nicita & Marcelo Olarreaga, 2009. "Estimating Trade Restrictiveness Indices," Economic Journal, Royal Economic Society, vol. 119(534), pages 172-199, January.
    23. Seker, Murat, 2011. "Trade Policies, Investment Climate,and Exports," MPRA Paper 29905, University Library of Munich, Germany.

    More about this item

    JEL classification:

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

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tcd:tcduee:tep2008. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Colette Angelov (email available below). General contact details of provider: https://edirc.repec.org/data/detcdie.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.