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RESEARCH PRODUCT

Against the Grain: Spanish Trade Policy in the Interwar Years

Michael HubermanConcepción Betrán

subject

Commercial policyEconomics and EconometricsHistorybusiness.industryEconomics Econometrics and Finance (miscellaneous)EconomicsUNESCO::CIENCIAS ECONÓMICASInternational tradebusiness:CIENCIAS ECONÓMICAS [UNESCO]

description

Estudiamos los efectos de los conflictos internos y los shocks externos sobre la política comercial española en el período de entreguerras. We study the effects of domestic conflict and external shocks on Spanish trade policy in the interwar period. Our account mobilizes a new granular dataset on exports and imports, and good-country level information on tariffs, trade agreements, and quotas. Into the Depression, the mainstay of policy was the tariff. The establishment of the Second Republic in 1931 was a turning point in policymaking. The new regime initiated bilateral trade negotiations. The Republic’s dilemma was to find countries willing to exchange market access. In a daunting international environment, the Spanish case offers a poignant reminder of the perils of going against the grain.

https://doi.org/10.1017/s0022050721000474