Showing 1 - 9 of 9
New data on individual worker’s outputs show that New England ring spinners exhibited substantial on the job learning c. 1905. Despite this, variable capital-labour ratios meant high labour turnover reduced aggregate labour productivity only fractionally. The combination of variable...
Persistent link: https://www.econbiz.de/10005870600
In an influential article Saxonhouse and Wright argued that the quality of local cottonwas the single most important factor in explaining national preferences for ring ormule spinning. For Britain, they argue that mills using more flexible mule spindlescould exploit arbitrage opportunities...
Persistent link: https://www.econbiz.de/10005870603
This paper uses new micro-level US data to re-examine productivity leadership in cotton spinning c. 1900. We find that output aggregation problems make the Census unreliable in this industry, and that Lancashire, not New England was the productivity leader for almost every type of yarn. This is...
Persistent link: https://www.econbiz.de/10005870700
This paper re-examines theories previously advanced to explain Lancashire’s slowadoption of ring spinning. New cost estimates show that although additionaltransport costs and technical complementarities between certain types of machinereduced ring adoption rates, these supply side constraints...
Persistent link: https://www.econbiz.de/10005870750
This paper reassesses and extends Hawke’s passenger railway social savings for England and Wales. Better estimates of coach costs and evidence that third class passengers would otherwise have walked reduce Hawke’s social savings by two-thirds. We calculate railway speeds, and the amount and...
Persistent link: https://www.econbiz.de/10005870947
This paper examines major privately-owned British railway companies before World War I. Quantitative evidence is presented on return on capital employed, total factor productivity growth, cost inefficiency, and speed of passenger services. There were discrepancies in performance across companies...
Persistent link: https://www.econbiz.de/10005870385
This paper uses a stochastic cost frontier model to investigate the efficiency of Britain’s private railways during the period 1893-1912. We find that there was substantial inefficiency in the industry with no sign of reduction over time. Our main conclusion is that principal agent problems...
Persistent link: https://www.econbiz.de/10005870948
This paper revisits the issue of the productivity performance of pre-World War I Britain’s railway system with an improved dataset and with modern time-series econometrics. We find a slowdown in TFP growth between 1850 and 1870, after which it stabilized at about 1.1%. An analysis of...
Persistent link: https://www.econbiz.de/10005870949
This paper explores the location of industry in pre-World-War-I Britain using a model that takes account both of factor endowment and also of new economic geography influences. Broadly speaking, the pattern of industrial location in this period was quite persistent and regional specialization...
Persistent link: https://www.econbiz.de/10005870951