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Other Publications Year : 2017

The long-term cost of protectionism for education

Abstract

The long-term costs of protectionism are difficult to evaluate as very few countries have switched back to this economic policy after a long period of free trade. One country that did make the move was France in 1892, when the Chamber of Deputies, encouraged by the president of the customs commission, Jules Méline, decided to sharply raise cereal import duties. This decision slowed the upwards trend in education levels as it made farming jobs more attractive than manufacturing jobs, thereby reducing the relative return on an education. These findings are consistent with the theory of unified growth which associates demand for education with technological improvement. They also suggest that educational progress is reversible.
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Dates and versions

hal-01676685 , version 1 (05-01-2018)

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  • HAL Id : hal-01676685 , version 1

Cite

Vincent Bignon, Cecilia García-Peñalosa. The long-term cost of protectionism for education. Rue de la Banque, 2017, pp.5, n°47. ⟨hal-01676685⟩
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