Market potential in British regions, 1871-1931
AbstractThis paper constructs measures of market potential for British regions based on the spatial distribution of GDP and its accessibility. The results show that the North, Scotland and Wales were much less 'peripheral' before World War I than in 1985. The main reason for the deterioration in their position was changing transport costs. The marginalization of coastal shipping and the rise of road haulage had markedly accentuated the 'peripherality' of outer Britain by 1931. The sensitivity of market potential to changes in relative transport costs has gone unnoticed but it underlines the danger of conflating 'peripherality' with competitiveness.
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Bibliographic InfoPaper provided by London School of Economics and Political Science, Department of Economic History in its series Economic History Working Papers with number 22556.
Length: 27 pages
Date of creation: Mar 2004
Date of revision:
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Postal: LSE, Dept. of Economic History Houghton Street London, WC2A 2AE, U.K.
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Other versions of this item:
- N0 - Economic History - - General
- L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
- L96 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Telecommunications
- R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
- J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
- B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
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