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Traditionally, the interwar collapse of European and international integration is thought to have been overdetermined in its causes and redundant in its scope. International decline, combined with protectionist interests and ideology at home, made Britain abandon its signature free trade policy...
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We investigate how protectionist policies influence short-run economic growth. Our empirical strategy exploits an extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was overturned by a protectionist majority in 1887. We...
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