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We analyze factors explaining the very different patterns of industrialization across the 42 counties of England … between 1760 and 1830. Against the widespread view that high wages and cheap coal drove industrialization, we find that … industrialization was restricted to low wage areas, while energy availability (coal or water) had little impact Instead we find that …
Persistent link: https://www.econbiz.de/10011373582
Persistent link: https://www.econbiz.de/10011454116
successful industrialization occurs in regions that start with low wages and high mechanical skills, and show that these two … contrast, literacy and access to capital have no power in predicting industrialization, nor does proximity to coal. Although …
Persistent link: https://www.econbiz.de/10012231403
"During the Industrial Revolution technological progress and innovation became the main drivers of economic growth. But why was Britain the technological leader? We argue that one hitherto little recognized British advantage was the supply of highly skilled, mechanically able craftsmen who were...
Persistent link: https://www.econbiz.de/10009009582