The Economic Consequences of Sir Robert Peel
A Quantitative Assessment of the Repeal of the Corn Laws
Bibliographic Data
| ID | 9704987 |
|---|---|
| Authors | Douglas A Irwin (0000-0002-9310-2799, Dartmouth College, corresponding author), Maksym G Chepeliev (Purdue University, USA), Maksym Chepeliev (0000-0001-8585-2314, Purdue University West Lafayette) |
| Year | 2021 |
| Volume | 131 |
| Issue | 640 |
| Pages | 3322-3337 |
| Publication date | 2021-11-08 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ej/ueab029 |
| OpenAlex | W3154395243 |
| Language | EN |
| Citations received | 3 |
| References cited | 25 |
This paper provides a quantitative general equilibrium evaluation of the repeal of Britain's Corn Laws in 1846. Using a detailed input-output matrix of the British economy in 1841, we find the abolition of Britain's tariff on imported grain left overall welfare roughly unchanged as the static efficiency gains are offset by terms-of-trade losses. Labourers and capital owners gained a slight amount at the expense of landowners. Combining these changes in factor payments with the different consumption patterns across income groups, we find that the top 10% of income earners lost while the bottom 90% of income earners gained
Agricultural economics · Capital (architecture · Consumption (sociology · Economics · International economics · Market economy · Payment · Repeal · Tariff · Welfare · Economics of Agriculture and Food Markets · Finance · Global trade and economics · Historical Economic and Social Studies · Law
From the Corn Laws to Free Trade
An Econometric Study of Cotton Production and Trade, 1830-1860
The price effect of tariff liberalization
Welfare Effects of British Free Trade
Unequal English Wealth since 1670
Pessimism Perpetuated
Magnanimous albion
The impact of the Corn Laws just prior to repeal
The Repeal of the Corn Laws and Irish Emigration
Running from Ruin
The European Grain Invasion, 1870–1913
The second face of hegemony
The Corn Laws and British Wheat Production, 1829-76
An input-output table for 1841
The Protection of English Cereal Producers
The demand for British exports, 1870-1913
The Nineteenth-Century Corn Law Reconsidered
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,75 |
| Citation span | 2022 - 2025 (4) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 3 |