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The Antebellum U.S. Iron Industry: Domestic Production and Foreign Competition / Joseph H. Davis, Douglas A. Irwin.
- Format:
- Book
- Author/Creator:
- Davis, Joseph H.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w13451.
- NBER working paper series no. w13451
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- The Antebellum U.S. Iron Industry
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2007.
- Summary:
- This paper presents new annual estimates of U.S. production of pig iron and imports of pig iron products dating back to 1827. These estimates are used to assess the vulnerability of the antebellum iron industry to foreign competition and the role of the tariff in fostering the industry's early development. Domestic pig iron production is found to be highly sensitive to changes in import prices. Although import price fluctuations had a much greater impact on U.S. production than changes in import duties, our estimates suggest that the tariff permitted domestic output to be about thirty to forty percent larger than it would have been without protection.
- Notes:
- Print version record
- September 2007.
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