Market potential in British regions, 1871-1931
This 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.
|Date of creation:||Mar 2004|
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- 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.
- 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.
- K.H. Midelfart & H.G. Overman & S.J. Redding & A.J. Venables, 2000. "The location of European industry," European Economy - Economic Papers 2008 - 2015 142, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
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- 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.
- 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.
- O Grada, Cormac, 1995. "Ireland: A New Economic History 1780-1939," OUP Catalogue, Oxford University Press, number 9780198205982, May.
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