Broadberry, Stephen and Gupta, Bishnupriya (2009) Lancashire, India, and shifting competitive advantage in cotton textiles, 1700-1850: the neglected role of factor prices. Economic history review, 62 (2). pp. 279-305. ISSN 1468-0289
Abstract
In the early eighteenth century, wages in Britain were more than four times as high as in India, the world's major exporter of cotton textiles. This induced the adoption of more capital-intensive production methods in Britain and a faster rate of technological progress, so that competitive advantage had begun to shift in Britain's favour by the late eighteenth century. However, the completion of the process was delayed until after the Napoleonic Wars by increasing raw cotton costs, before supply adjusted to the major increase in demand for inputs.
| Item Type: | Article |
|---|---|
| Official URL: | http://onlinelibrary.wiley.com/journal/10.1111/(IS... |
| Additional Information: | © 2009 Economic History Society |
| Library of Congress subject classification: | D History General and Old World > DA Great Britain D History General and Old World > DS Asia H Social Sciences > HD Industries. Land use. Labor |
| Sets: | Departments > Economic History |
| Rights: | http://www.lse.ac.uk/library/rights/LSERO.htm |
| URL: | http://eprints.lse.ac.uk/32343/ |
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