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Many previous studies of the role of trade during the British Industrial Revolution have found little or no role for trade in explaining British living standards or growth rates. We construct a three-region model of the world in which Britain trades with North America and the rest of the world,...
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two "integration episodes", the development of an economic union between Portugal and its African colonies and the …
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This paper discusses the existence of 'home' biases in the 19th century global capital market, whereby colonies appear … that colonies were more akin to the 'regions' of modern countries …
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former colonies of the same empire erodes as much as trade with the metropole, whereas trade with third countries exhibits …
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have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it … trade with the rest of the world, not the American colonies, that allowed Britain to export its rapidly expanding textile …
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