The erosion of colonial trade linkages after independence

成果类型:
Article
署名作者:
Head, Keith; Mayer, Thierry; Ries, John
署名单位:
University of British Columbia
刊物名称:
JOURNAL OF INTERNATIONAL ECONOMICS
ISSN/ISSBN:
0022-1996
DOI:
10.1016/j.jinteco.2010.01.002
发表日期:
2010
页码:
1-14
关键词:
trade gravity colonies
摘要:
Most independent nations today were part of empires in 1945. Using bilateral trade data from 1948 to 2006, we examine the effect of independence on post-colonial trade. While there is little short-run effect on trade, after four decades trade with the metropole (colonizer) has contracted by about 65%. Hostile separations lead to large, immediate reductions in trade. We also find that trade between former colonies of the same empire erodes as much as trade with the metropole, whereas trade with third countries decreases about 20%. The gradual trade deterioration following independence suggests the depreciation of some form of trading capital. (C) 2010 Elsevier B.V. All rights reserved.