The French (Trade) Revolution of 1860: Intra-Industry Trade and Smooth Adjustment

Abstract

Previously circulated as "International Competition and Adjustment: Evidence from the First Great Liberalization." Helpful comments from seminar participants at UC Davis and Brian Varian are acknowledged. Yang Gao provided helpful research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.