British Capital and Merchandise Exports, 1870–1913
The Bilateral Case of New Zealand
Bibliographic Data
| ID | 20437330 |
|---|---|
| Authors | Brian D Varian (0000-0001-6369-591X, Department of Economic History London School of Economics and Political Science, corresponding author) |
| Year | 2017 |
| Volume | 57 |
| Issue | 2 |
| Pages | 239-262 |
| Publication date | 2017-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Australian Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0004-8992 • E-ISSN: 1467-8446 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/aehr.12128 |
| OpenAlex | W2552678464 |
| Language | EN |
| Citations received | 2 |
| References cited | 36 |
The Ford thesis argued that there was a short‐term causal relationship between British overseas investment and British merchandise exports in the late nineteenth century. However, economic historians since Ford have found little empirical evidence in support of this argument. Using data on bilateral British lending, this article finds that such a relationship did exist, with British ex ante lending preceding merchandise exports by 2 years. A case study of New Zealand, which had an extraordinarily high share of Britain in its imports, reveals that the relationship was conditional upon the lending being allocated to social overhead capital
Ancient history · Argument (complex analysis) · Business · Capital (architecture) · Economic history · Economics · Economy · Empirical evidence · Ex-ante · International economics · Investment (military) · Macroeconomics · Monetary economics · Political science · Politics · Australian History and Society · Historical Economic and Social Studies · History · Law · Political and Economic history of UK and US
Growth and Fluctuations 1870-1913 (Routledge Revivals)
Economic Elements in the Pax Britannica
A Staple Theory of Economic Growth
Capital formation in transport infrastructure in New Zealand to 1950
Making the Colonial State
New Estimates of Australian Public Borrowing and Capital Raised in London, 1849–1914
Gross National Product, Canada, 1870-1926
The Gold Standard as a “Good Housekeeping Seal of Approval”
The Empire Effect
Trade costs in the first wave of globalization
Foreign investment, trade and growth in the United Kingdom, 1870–1913
The Working of the Pre-War Gold Standard
Capital Imports and Growth--The Case of New Zealand--Foreign Investment in New Zealand, 1840-1958
Trade and Empire
Business Cycles in the United Kingdom, 1870-1914
Britain in the International Economy
Notes on the Role of Exports in British Economic Fluctuations, 1870–1914
A soft touch? British industry, empire markets, and the self‐governing dominions, c.1870–1914
The World Economy
Empire and Globalisation
The Export of Capital from Britain, 1870-1914
The demand for British exports, 1870-1913
The Transfer of British Foreign Lending, 1870-19131
The pastoral boom, the rural land market, and long swings in New Zealand economic growth, 1873-19391
Staples and regions of Pax Britannica
The rules of the game
The British empire, 1870-1914
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2022 - 2023 (2) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |