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DP4356
What Explains the Location of Industry in Britain, 1871-1931
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Publication Date:
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April 2004
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Initiatives:
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Economic History
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Link to this Page:
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www.cepr.org/pubs/dps/DP4356.asp
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Where transport costs were falling, were the new economic geography forces for industry agglomeration and dispersion at work in the movement of industry in pre-1931 Britain? This Paper examines the issue empirically using a general model that nests the Heckscher-Ohlin factor endowment with new economic geography models. The evidence suggests that while the former mainly drove the location of pre-1931 British industry, the scale economies aspect of the latter also played a role.
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