External economies of scale in the Lancashire cotton industry, 1900-1950
Authors
Publication date
Publisher
BLACKWELL PUBL LTD
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
Is data on this page outdated, violates copyrights or anything else? Report the problem now and we will take corresponding actions after reviewing your request.