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Market potential in British regions, 1871-1931

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  • Nicholas Crafts

Abstract

Crafts N. (2005) Market potential in British regions, 1871-1931, Regional Studies 39 , 1159-1166. This paper constructs measures of market potential for British regions based on the spatial distribution of Gross Domestic Product and its accessibility. The results show that the North, Scotland and Wales were much less 'peripheral' before the First World War than in 1985. The main reason for the deterioration in their position was changing transport costs associated with the demise of coastal shipping and the rise of road haulage. The implications of technological progress in transportation for relative market potential over the long run have gone unremarked but should not be forgotten as globalization forges ahead.

Suggested Citation

  • Nicholas Crafts, 2005. "Market potential in British regions, 1871-1931," Regional Studies, Taylor & Francis Journals, vol. 39(9), pages 1159-1166.
    • Handle: RePEc:taf:regstd:v:39:y:2005:i:9:p:1159-1166
    DOI: 10.1080/00343400500389869
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    1. Antoni Estevadeordal & Brian Frantz & Alan M. Taylor, 2003. "The Rise and Fall of World Trade, 1870–1939," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(2), pages 359-407.
    2. Richard Anthony, 1993. "The Scottish agricultural labour market, 1900-1939: a case of institutional intervention," Economic History Review, Economic History Society, vol. 46(3), pages 558-574, August.
    3. Nicholas Crafts & Abay Mulatu, 2005. "What explains the location of industry in Britain, 1871–1931?," Journal of Economic Geography, Oxford University Press, vol. 5(4), pages 499-518, August.
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    More about this item

    Keywords

    Market potential; Peripherality; Potentiel commercial; Peripherique; Marktpotential; Peripheralitat; Potencial del mercado; Caracter periferico; JEL classifications: N73; N74; R12;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General

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