This paper provides a quantitative general equilibrium evaluation of the repeal of Britain's Corn Laws in 1846. Using a detailed input-output matrix of the British economy in 1841, we find the abolition of Britain's tariff on imported grain left overall welfare roughly unchanged as the static efficiency gains are offset by terms-of-trade losses. Labourers and capital owners gained a slight amount at the expense of landowners. Combining these changes in factor payments with the different consumption patterns across income groups, we find that the top 10% of income earners lost while the bottom 90% of income earners gained.

中文翻译：

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罗伯特·皮尔爵士的经济后果：对废除谷物法的定量评估

本文提供了对 1846 年英国谷物法废除的定量一般均衡评估。使用 1841 年英国经济的详细投入产出矩阵，我们发现英国对进口谷物的关税的废除使总体福利大致保持不变，因为静态效率收益被贸易条件损失所抵消。劳动者和资本所有者以牺牲地主为代价获得了少量收益。将要素支付的这些变化与不同收入群体的不同消费模式相结合，我们发现收入最高的 10% 的人损失了，而收入最低的 90% 的人获得了收入。