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Title: Trade policy and long-term economic development: Historical evidence from Australia’s colonies in 19th century
Author(s): Li, Kris Chun Lok 
Author(s): Yu, V.
Issue Date: 2016
Publisher: Hilaris
Journal: Journal of Global Economics 
Volume: 4
Issue: 4
In our studies, historical data on neighboring colonies of New South Wales and Victoria in 19th century are used to shed new light on an issue which has intrigued economic historians and economists: How is trade policy linked to long-term economic growth?

It is found that Victoria’s higher protection restricted productivity growth directly, but stimulated it indirectly through the revenue effects of promoting greater infrastructure and a consequentially-larger population base.
DOI: 10.4172/2375-4389.1000223
CIHE Affiliated Publication: No
Appears in Collections:BHM Publication

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