Advanced Search
MyIDEAS: Login to save this article or follow this journal

Did English Factor Markets Fail during the Industrial Revolution?

Contents:

Author Info

  • Williamson, Jeffrey G

Abstract

This paper measures wage and rate-of-return gaps between agriculture and industry in the midst of England's industrial revolution. It then uses partial and general equilibrium analysis to assess the impact of factor-market failure. The failure seems to have been very large. It was manifested in terms of conventional deadweight losses a s well as in terms of distribution, employment, and accumulation effe cts. It appears that English industralization was seriously constrain ed by market failure during the first industrial revolution. Copyright 1987 by Royal Economic Society.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://links.jstor.org/sici?sici=0030-7653%28198712%292%3A39%3A4%3C641%3ADEFMFD%3E2.0.CO%3B2-E&origin=bc
File Function: full text
Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 39 (1987)
Issue (Month): 4 (December)
Pages: 641-78

as in new window
Handle: RePEc:oup:oxecpp:v:39:y:1987:i:4:p:641-78

Contact details of provider:
Postal: Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK
Fax: 01865 267 985
Email:
Web page: http://oep.oupjournals.org/

Order Information:
Web: http://www.oup.co.uk/journals

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Leonid Borodkin & Brigitte Granville & Carol Scott Leonard, 2007. "The Rural Urban Wage Gap in the Industrialization of Russia, 1884-1910," Working Papers, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research 1, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
  2. Allen, Robert C., 2001. "The Great Divergence in European Wages and Prices from the Middle Ages to the First World War," Explorations in Economic History, Elsevier, Elsevier, vol. 38(4), pages 411-447, October.
  3. McCloskey, Deirdre, 2009. "Foreign Trade Was Not an Engine of Growth," MPRA Paper 19723, University Library of Munich, Germany.
  4. Vollrath, Dietrich, 2009. "How important are dual economy effects for aggregate productivity?," Journal of Development Economics, Elsevier, Elsevier, vol. 88(2), pages 325-334, March.
  5. Norman Gemmell, & Tim Lloyd, & Marina Mathew, . "Dynamic Sectoral Linkages and Structural Change in a Developing Economy," Discussion Papers 98/3, University of Nottingham, CREDIT.
  6. McCloskey, Deirdre Nansen, 2009. "Domestic Reshufflings, Such as Transport and Coal, Do Not Explain the Modern World," MPRA Paper 18925, University Library of Munich, Germany.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:oup:oxecpp:v:39:y:1987:i:4:p:641-78. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press) or (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.