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Abstract
Did the Danish merchant fleet grow at an extraordinary rate during the great wars of the second half of the eighteenth century because of Denmark's neutrality? We examine this question, using the Algerian Passport Registers for the years 1750-1807 as a principal source. A new index of Danish shipping output is derived. We use time-series techniques to analyse the relative importance of neutrality and favourable factor endowments, and conclude that both yielded substantial benefits.
Earlier versions of this paper were presented at the EUI, Florence and Nuffield College. Oxford. The authors wish to thank Alben Carreras, Kim Chaudhuri, Ole Feldbæk, Hans Chr. Johansen, Avner Offer, Jaime Reis, and Jeffrey Williamsen for helpful comments. Weare grateful for financial support from the EUI, the Danish Ministry of Education, and the LudvigWimmer og Hustru Fond. Weare to blame for any remaining errors.
Earlier versions of this paper were presented at the EUI, Florence and Nuffield College. Oxford. The authors wish to thank Alben Carreras, Kim Chaudhuri, Ole Feldbæk, Hans Chr. Johansen, Avner Offer, Jaime Reis, and Jeffrey Williamsen for helpful comments. Weare grateful for financial support from the EUI, the Danish Ministry of Education, and the LudvigWimmer og Hustru Fond. Weare to blame for any remaining errors.
Notes
Earlier versions of this paper were presented at the EUI, Florence and Nuffield College. Oxford. The authors wish to thank Alben Carreras, Kim Chaudhuri, Ole Feldbæk, Hans Chr. Johansen, Avner Offer, Jaime Reis, and Jeffrey Williamsen for helpful comments. Weare grateful for financial support from the EUI, the Danish Ministry of Education, and the LudvigWimmer og Hustru Fond. Weare to blame for any remaining errors.