Fighting the forces of gravity - Seapower and maritime trade between the 18th and 20th centuries |
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Authors: | Ahmed S Rahman |
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Institution: | Department of Economics, United States Naval Academy, 589 McNair Road, Annapolis, MD 21402, USA |
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Abstract: | How have large naval powers affected international commerce in history? Using a panel gravity model, we investigate the interactions of wars, alliances, naval power and trade from the 18th to mid-20th centuries. Striking an alliance with a naval power helps a country’s interstate commerce. Fighting a naval power on the other hand limits a country’s interstate commerce. Further, we split this effect on trade between an extensive effect (effect on a country’s trade when fighting a naval power) and an intensive effect (effect of that power gaining more naval strength). We conclude that the intensive effect is a powerful one - large navies have historically been destroyers of trade when mobilized to combat. |
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Keywords: | D74 F02 F10 F51 N40 N70 |
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