Tariff History Lessons from the European Periphery. Protection Intensity and the Infant Industry Argument in Spain and Italy 1870-1930 Articles
- June 2010
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This paper endeavors to study Spanish protectionism on the Italian mirror. On the assumption that the literature presents both European peripheral countries at a similar stage of development and commercial
policy replies to late 19th century economic globalization. Italian
tariff policy was much more moderate and influenced by fiscal duties
than the Spanish one that enjoined a very high tariffs on the
manufacture sector. This paper present by first time a unified data base
of effective protection and revealed comparative advantage for both
countries and develop a new test based on the infant industry argument.
Conclusions emphasize the existence of significant different tariff
policies in Spain and Italy between 1870-1930 as a relevant variable in
the configuration their respective export manufacture competitiveness
and specialization in the long run.