Template-Type: ReDIF-Paper 1.0
Author-Name: van Bergeijk, P.A.G.
Author-Name-Last: van Bergeijk
Author-Name-First: Peter
Author-Person: pbe494
Title: The heterogeneity of world trade collapses
Abstract: This paper analyses drivers of imports during the major world trade collapses of the Great Depression (1930s; 34 countries) and the Great Recession (1930s; 173 countries). The analysis deals with the first year of these episodes and develops a small empirical model that shows a significant impact of the development of GDP, the share of manufacturing goods in total imports and the political system. The analysis reveals substantial heterogeneity with respect to regional importance of these drivers.
Length: 36
Creation-Date: 2015-03-24
File-URL: https://repub.eur.nl/pub/77862/wp606.pdf
File-Format: application/pdf
Series: RePEc:ems:euriss
Number: 606
Keywords: trade collapse, heterogeneity, resilience, political system, Great Depression, Great Recession
Handle: RePEc:ems:euriss:77862