Abstract
Cross sections of coal prices in England for 1695, 1795, and 1842 are used to infer transportation rates by sea, river, canal, and road. The effectiveness of monopolies, the degree of market integration, and the patterns of regional supply of each mining district are then established. The growth rates of productivity in sea, river, and road transport from 1695–1842 are computed and combined with a social savings assessment of canals to measure the overall growth in the productivity of shipping coal. Productivity growth was substantial but had a surprisingly limited impact on the geography of production and consumption.
Publisher
Cambridge University Press (CUP)
Subject
Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics,History
Cited by
1 articles.
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