Stages of Diversification: France, 1836-1938 / Stéphane Becuwe, Bertrand Blancheton, Christopher M. Meissner.

Format:

Book

Author/Creator:

Becuwe, Stéphane.

Contributor:

National Bureau of Economic Research.

Blancheton, Bertrand.

Meissner, Christopher M.

Series:

Working Paper Series (National Bureau of Economic Research) no. w21777.

NBER working paper series no. w21777

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Stages of Diversification

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2015.

Summary:

A large literature has documented an association between economic growth and export diversification. We study this question in France between 1836 and 1938. The period witnessed the onset of modern economic growth and sharp changes in the level of international competition. We use a new long term database on French foreign trade at a high level of disaggregation. At the dawn of the first Globalization, France appears to have specialized along Ricardian lines, exporting a handful of textile products in large quantities. There is a decrease in specialization from 1860 to World War I along the lines of modern studies. Changes in trade costs along with economic growth help explain the evolution of France's comparative advantage. The decline of export concentration is associated with a chronic deficit in the balance of trade during the Belle Époque and the major part of the interwar period particularly after 1927.

Notes:

Print version record

December 2015.