Quotation de Bromhead, Alan, Fernihough, Alan, Lampe, Markus, O´Rourke, Kevin. 2018. Anatomy of a trade collapse: The UK, 1929-33 .




The literature has identified several stylised facts which characterise the nature and causes of the collapse in international trade during 2008 and 2009. This column uses detailed, commodity-specific information on UK imports between 1929 and 1933 to document several similarities between the trade collapses of the Great Depression and the Great Recession. The findings are in line with theories emphasising the composition of expenditure changes during major economic crises, or the relative sizes of firms operating closer to or further away from the margin between exporting or not.


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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Media report
Language English
Title Anatomy of a trade collapse: The UK, 1929-33
Source VOX CEPR Policy Portal
Year 2018
URL https://voxeu.org/article/anatomy-trade-collapse-uk-1929-33


Lampe, Markus (Details)
de Bromhead, Alan (Queen's University Belfast, United Kingdom)
Fernihough, Alan (Queen's University Belfast, United Kingdom)
O´Rourke, Kevin (University of Oxford, United Kingdom)
Institute for Economic and Social History IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5300 Economics (Details)
5340 Economic history (Details)
6521 Economic history (Details)
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