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Market potential in British regions, 1871-1931

  • Nicholas Crafts

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.

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Article provided by Taylor & Francis Journals in its journal Regional Studies.

Volume (Year): 39 (2005)
Issue (Month): 9 ()
Pages: 1159-1166

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Handle: RePEc:taf:regstd:v:39:y:2005:i:9:p:1159-1166
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  1. Crafts, Nicholas & Mulatu, Abay, 2004. "What Explains the Location of Industry in Britain, 1871-1931," CEPR Discussion Papers 4356, C.E.P.R. Discussion Papers.
  2. K.H. Midelfart & H.G. Overman & S.J. Redding & A.J. Venables, 2000. "The location of European industry," European Economy - Economic Papers 142, Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission.
  3. Frank Geary & Tom Stark, 2002. "Examining Ireland"s Post--famine Economic Growth Performance," Economic Journal, Royal Economic Society, vol. 112(482), pages 919-935, October.
  4. Antoni Estevadeordal & Brian Frantz & Alan M. Taylor, 2002. "The Rise and Fall of World Trade, 1870-1939," NBER Working Papers 9318, National Bureau of Economic Research, Inc.
  5. 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, 08.
  6. O Grada, Cormac, 1995. "Ireland: A New Economic History 1780-1939," OUP Catalogue, Oxford University Press, number 9780198205982.
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  1. Historical Economic Geography

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