How did the location of industry respond to falling transport costs in Britain before World War I?

Nicholas Crafts, Abay Mulatu

Research output: Contribution to journalArticle

28 Citations (Scopus)

Abstract

This article explores the location of industry in pre - World War I Britain using a model that takes account both of factor endowment and also of New Economic Geography influences. Broadly speaking, the pattern of industrial location in this period was quite persistent and regional specialization changed little. The econometric results show that factor endowments had much stronger effects than proximity to markets, although the latter was an attraction for industries with large plant size. Overall, falling transport costs had relatively little effect on industrial location at a time when proximity to natural resources, notably coal, mattered most.

Original languageEnglish
Pages (from-to)575-607
Number of pages33
JournalJournal of Economic History
Volume66
Issue number3
DOIs
Publication statusPublished - 1 Sep 2006
Externally publishedYes

Fingerprint

Transport costs
Factor endowments
World War I
Industrial location
Industry
Proximity
Transport Costs
New economic geography
Natural resources
Regional specialization
Econometrics
Attraction
Plant size
Geography
Natural Resources
Economics

ASJC Scopus subject areas

  • History
  • Economics, Econometrics and Finance (miscellaneous)
  • Economics and Econometrics

Cite this

How did the location of industry respond to falling transport costs in Britain before World War I? / Crafts, Nicholas; Mulatu, Abay.

In: Journal of Economic History, Vol. 66, No. 3, 01.09.2006, p. 575-607.

Research output: Contribution to journalArticle

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