Showing posts from June, 2017

One is not enough! An economic history perspective on world trade collapses and deglobalization

This article appeared  in the Chinese Edition of International Social Science Journal, Vol. 34, No. 1, pp. 17-30 This paper provides a comparative economic history  perspective on two significant periods of deglobalization: the Great Depression in the 1930s and the period following the Financial Crisis of 2008/9. The paper discusses differences and similarities and provides empirical results regarding the correlates of deglobalization, including the political system (institutions), level of development (GDP per capita) and the share of manufacturing The English version is here

Heterogeneity and Geography of the World Trade Collapses of the 1930s and 2000s

This paper analyses drivers of imports during the major world trade collapses of the Great Depression (1930s; 34 countries) and the Great Recession (2000s; 173 countries). The dependent variable is the peak to trough distance of the volume of imports in the first year and 3-year-period of these episodes, respectively. The paper develops a succinct empirical model that shows a significant impact of the peak to peak distance of GDP, the share of manufacturing goods in total imports and the political system. The 3-year-period distance for the volume of imports is significantly different for the 1930s and 2000s, but this is not the case for the 1st year of the two trade collapses. Importantly, the analysis uncovers significant heterogeneity with respect to regions. Pre-peer review version here van Bergeijk, Peter AG. "Heterogeneity and Geography of the World Trade Collapses of the 1930s and 2000s." Tijdschrift voor economische en sociale geografie (2017). DOI: 10.1111/tesg