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Did Turnpike Trusts Increase Transportation Investment in Eighteenth-Century England?

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Author Info
BOGART, DAN

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Abstract

Turnpike trusts were private organizations that financed road improvements by levying tolls and issuing mortgage debt. They were established by Acts of Parliament throughout the seventeenth, eighteenth, and early nineteenth centuries. The acts transferred authority from parishes to a body of trustees, composed of local landowners and merchants. Parishes financed road improvements with local property taxes; but they could not levy tolls. This article uses a new data set to show that turnpike trusts increased road expenditure, rather than replacing existing or forthcoming parish expenditure. It also illustrates how institutional changes contributed to the process of economic development in England.

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File URL: http://journals.cambridge.org/abstract_S002205070500015X
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Publisher Info
Article provided by Cambridge University Press in its journal The Journal of Economic History.

Volume (Year): 65 (2005)
Issue (Month): 02 (June)
Pages: 439-468
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:cup:jechis:v:65:y:2005:i:02:p:439-468_00

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  1. Dan Bogart, 2008. "Competition and Commitment: the Supply and Enforcement of Rights to Improve Roads and Rivers in England, 1600-1750," Working Papers 070817, University of California-Irvine, Department of Economics. [Downloadable!]
  2. Dan Bogart, 2009. "Did the Glorious Revolution Contribute to the Transport Revolution? Evidence from Investment in Roads and Rivers," Working Papers 080918, University of California-Irvine, Department of Economics. [Downloadable!]
  3. David Levinson & Andrew Odlyzko, 2007. "Too Expensive to Meter: The influence of transaction costs in transportation and communication," Working Papers 200802, University of Minnesota: Nexus Research Group, revised Feb 2007. [Downloadable!]
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This page was last updated on 2009-11-23.

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