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External economies of scale in the Lancashire cotton industry, 1900-1950
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UNSPECIFIED (2002) External economies of scale in the Lancashire cotton industry, 1900-1950. ECONOMIC HISTORY REVIEW, 55 (1). 51-+. ISSN 0013-0117.
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Abstract
This article provides three types of evidence for external economies of scale in the Lancashire cotton industry. Anglo-American productivity differences are used to demonstrate external economics at the industry level. Econometric evidence of dynamic (Marshall-Arrow-Romer) external economies of localization in spinning and weaving is provided using individual earnings data, A case study of a merchant firm demonstrates the build-up of dynamic (Jacobs) externalities of urbanization. It is argued that the persistence of a large merchant community generating external economies of scale helped to delay Britain's loss of comparative advantage to low wage producers.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions D History General and Old World H Social Sciences |
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Journal or Publication Title: | ECONOMIC HISTORY REVIEW | ||||
Publisher: | BLACKWELL PUBL LTD | ||||
ISSN: | 0013-0117 | ||||
Official Date: | February 2002 | ||||
Dates: |
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Volume: | 55 | ||||
Number: | 1 | ||||
Number of Pages: | 28 | ||||
Page Range: | 51-+ | ||||
Publication Status: | Published |
Data sourced from Thomson Reuters' Web of Knowledge
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