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Did the Glorious Revolution contribute to the transport revolution? Evidence from investment in roads and rivers

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  • DAN BOGART

Abstract

Transport infrastructure investment increased substantially in Britain between the seventeenth and eighteenth century. This paper argues that the Glorious Revolution of 1688-89 contributed to transportation investment by reducing uncertainty about the security of improvement rights. It shows that road and river investment was low in the 1600s when several undertakers had their rights violated by major political changes or decrees from the King. It also shows that investment permanently increased after the Glorious Revolution when there was a lower likelihood that undertakers had their rights voided by acts. Together the evidence suggests that the political and institutional changes following Glorious Revolution made rights to improve infrastructure more secure and that promoters and investors responded to greater security by proposing and financing more projects.
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Suggested Citation

  • Dan Bogart, 2011. "Did the Glorious Revolution contribute to the transport revolution? Evidence from investment in roads and rivers," Economic History Review, Economic History Society, vol. 64(4), pages 1073-1112, November.
    • Handle: RePEc:bla:ehsrev:v:64:y:2011:i:4:p:1073-1112
    DOI: j.1468-0289.2010.00580.x
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    File URL: http://hdl.handle.net/10.1111/j.1468-0289.2010.00580.x
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Bogart D. (2009) The glorious Transport Revolution
      by Ben in Economic History Blog on 2009-08-11 06:01:00

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    Cited by:

    1. Terence Kealey, 2022. "The Industrial Revolution as a collective action problem: The House of Commons games patents of monopoly, November 1601," Economic Affairs, Wiley Blackwell, vol. 42(3), pages 418-441, October.
    2. David de la Croix & Frédéric Docquier & Alice Fabre & Robert Stelter, 2024. "The Academic Market and The Rise of Universities in Medieval and Early Modern Europe (1000–1800)," Journal of the European Economic Association, European Economic Association, vol. 22(4), pages 1541-1589.
    3. Malinowski, Mikołaj, 2019. "Economic Consequences of State Failure—Legal Capacity, Regulatory Activity, and Market Integration in Poland, 1505–1772," The Journal of Economic History, Cambridge University Press, vol. 79(3), pages 862-896, September.
    4. Piet Cruyningen, 2015. "Dealing with drainage: state regulation of drainage projects in the Dutch Republic, France, and England during the sixteenth and seventeenth centuries," Economic History Review, Economic History Society, vol. 68(2), pages 420-440, May.
    5. Giuseppe Dari-Mattiacci & Oscar Gelderblom & Joost Jonker & Enrico C. Perotti, 2017. "The Emergence of the Corporate Form," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 33(2), pages 193-236.
    6. Cannon, Edmund & Brunt, Liam, 2013. "Integration in the English wheat market 1770-1820," CEPR Discussion Papers 9504, C.E.P.R. Discussion Papers.
    7. Vincent Bignon & Rui Esteves & Alfonso Herranz-Loncán, 2015. "Big push or big grab? Railways, government activism, and export growth in Latin America, 1865–1913," Economic History Review, Economic History Society, vol. 68(4), pages 1277-1305, November.
    8. Bart Ballaux & Bruno Blondé, 2018. "Road transport productivity in the sixteenth‐century Low Countries: the case of Brabant, 1450–1650," Economic History Review, Economic History Society, vol. 71(3), pages 707-726, August.
    9. Cizakca, Murat, 2012. "Finance and economic development in Islam, historical perspective," MPRA Paper 42046, University Library of Munich, Germany.
    10. Dan Bogart, 2013. "The Transportation Revolution in Industrializing Britain: A Survey," Working Papers 121306, University of California-Irvine, Department of Economics.
    11. Murrell, Peter, 2017. "Design and evolution in institutional development: The insignificance of the English Bill of Rights," Journal of Comparative Economics, Elsevier, vol. 45(1), pages 36-55.
    12. Ian Gazeley & Sara Horrell, 2013. "Nutrition in the English agricultural labourer's household over the course of the long nineteenth century," Economic History Review, Economic History Society, vol. 66(3), pages 757-784, August.
    13. Sussman, Nathan, 2019. "The Financial Development of London in the 17th Century Revisited: A View from the Accounts of the Corporation of London," CEPR Discussion Papers 13920, C.E.P.R. Discussion Papers.
    14. Jedwab, Remi & Johnson, Noel D. & Koyama, Mark, 2024. "Pandemics and cities: Evidence from the Black Death and the long-run," Journal of Urban Economics, Elsevier, vol. 139(C).
    15. Dan Bogart, 2014. "Governance after the Glorious Revolution: evidence on the enforcement of property rights in Britain’s transport sector, 1690-1750," Working Papers 14024, Economic History Society.
    16. Patrick K. O'Brien & Nuno Palma, 2023. "Not an ordinary bank but a great engine of state: The Bank of England and the British economy, 1694–1844," Economic History Review, Economic History Society, vol. 76(1), pages 305-329, February.
    17. Cox, Gary W., 2012. "Was the Glorious Revolution a Constitutional Watershed?," The Journal of Economic History, Cambridge University Press, vol. 72(3), pages 567-600, August.
    18. Sumner La Croix, 2014. "Land Confiscations and land reform in Natural-Order States," Working Papers 201406, University of Hawaii at Manoa, Department of Economics.

    More about this item

    JEL classification:

    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913
    • K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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