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Market potential in British regions, 1871-1931

Crafts, Nicholas (2004) Market potential in British regions, 1871-1931. Working papers in large-scale technological change, 04/04. Department of Economic History, London School of Economics and Political Science, London, UK.

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Identification Number: 04/04

Abstract

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.

Item Type: Monograph (Working Paper)
Official URL: http://www.lse.ac.uk/collections/economicHistory/
Additional Information: © 2004 Nicholas Crafts
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HE Transportation and Communications
H Social Sciences > HD Industries. Land use. Labor
D History General and Old World > D History (General) > D204 Modern History
D History General and Old World > DA Great Britain
Sets: Departments > Economic History
Collections > Economists Online
Date Deposited: 05 Feb 2009 15:23
Last Modified: 20 Feb 2014 12:24
Projects: 2394/R000239536
Funders: Economic and Social Research Council
URI: http://eprints.lse.ac.uk/id/eprint/22556

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