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Pandemics and protectionism: evidence from the "Spanish" flu

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dc.affiliation.institutoUC3M. Instituto Figuerola de Historia y Ciencias Socialeses
dc.contributor.authorBoberg-Fazlic, Nina
dc.contributor.authorLampe, Markus
dc.contributor.authorPedersen, Maja Uhre
dc.contributor.authorSharp, Paul Richard
dc.contributor.editorUniversidad Carlos III de Madrid. Instituto Figuerola de Historia y Ciencias Socialeses
dc.date.accessioned2020-07-03T15:16:44Z
dc.date.available2020-07-03T15:16:44Z
dc.date.issued2020-07-03
dc.description.abstractThe impact of COVID-19 on recent tendencies towards international isolationism has been much speculated on but remains to be seen. We suggest that valuable evidence can be gleaned from the "Spanish" flu of 1918-20. It is well-known that the world fell into a protectionist spiral following the First World War, but scholars have almost exclusively ignored the impact of the pandemic. We employ a difference-in-differences strategy on data for Europe and find that excess deaths had a significant impact on trade policy, independent of the war. A one standard deviation increase in excess deaths during the outbreak implied 0.022 percentage points higher tariffs subsequently, corresponding to an increase of one third of a standard deviation in tariffs. Health policy should aim to avoid the experience of the interwar period and consider the international macroeconomic impact of measures (not) taken.en
dc.identifier.issn2341-2542es
dc.identifier.urihttps://hdl.handle.net/10016/30673
dc.identifier.uxxiDT/0000001773es
dc.language.isoenges
dc.relation.ispartofseriesWorking Papers in Economic Historyen
dc.relation.ispartofseries20-08
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.jelF13
dc.subject.jelI19
dc.subject.jelN74
dc.subject.otherPandemicsen
dc.subject.otherProtectionismen
dc.subject.otherTradeen
dc.titlePandemics and protectionism: evidence from the "Spanish" fluen
dc.typeworking paper*
dspace.entity.typePublication
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