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1、Tradepolicyandindustrialdevelopment:ironandsteelinasmallopeneconomy,1870−1913KrisInwoodDepartmentofEconomics,UniversityofGuelphIanKeayDepartmentofEconomics,Queen’sUniversityAbstract.Inthispaperwearguethateffectivetariffprotectionassociatedwiththe1879NationalPolicyan
2、dthe1887Tuppertariffstriggeredinvestmentinnew,technologicallyadvancedblastfurnacesthatwerecapableofaccommodatingrapidoutputexpansion.Thisconclusionisbasedonanappreciationofthetimingoflatenineteenth-centuryin-vestmentsinCanadaandtheirconnectiontochangesingovernmentpo
3、licyandotherdemanddeterminants.Inourempiricalinvestigationweusenewinformationonwest-boundtransatlanticfreightrates,intra-continentaltransportcosts,andfurnace-specificmicro-data,andweacknowledgetheendogenousrelationshipslinkinginvestmenttodo-mesticdemand,labourcosts,a
4、ndtariffs.JELclassification:N71Politiquecommercialeetdeveloppementindustriel:feretacierdansunepetite´economie´ouverte,1870–1913.Danscetexte,lesauteurssuggerentquelaprotectiontarifaireeffective,`associee´alaPolitiqueNationalede1879etauxtarifsdeTupperde1887,ontd`eclenc
5、h´e´desinvestissementsdansdenouveauxhautsfourneauxtechnologiquementsophistiques´capablesdes’ajusteral’expansionrapidedestauxdeproduction.Cetteconclusionest`fondeesuruneappr´eciationdumomentdesinvestissementsauCanada´alafindu19`eme`siecle,etdeleurconnexionauxchangemen
6、tsdanslapolitiquegouvernementale,etaux`autresdeterminantsdelademande.Cetteenqu´eteempiriqueutilisedesrenseignementsˆineditssurlestauxdefretdutransporttransatlantiqueversl’ouest,lesco´utsdetransportˆintracontinental,etdesmicro-donneessurleshautsfourneaux.Onreconna´ˆı
7、tlesrelationsInwoodisalsoaffiliatedwiththeDepartmentofHistoryattheUniversityofGuelph.Theauthorswishtothanktwoanonymousrefereesfortheircontributions.SeminarparticipantsatUBC,SocialScienceHistoryAssociationConference,CenterfortheEvolutionoftheGlobalEconomyConference,an
8、dCanadianEconomicsAssociationConferenceprovidedhelpfulsuggestions.KrisInwoodgratefullyacknowledgesfinancialsupportprovidedbySSHRCgrant#410–
