Britannia ruled the waves
Tim Leunig ()
Economic History Working Papers from London School of Economics and Political Science, Department of Economic History
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 true both for the operation of a given machinery type, and when comparing machinery typical in each country. Higher capital and labour productivity rates imply that Lancashire’s combination of a more favourable climate, external economies of scale and more experienced workers dominated the advantages that New England firms derived from greater scale.
Keywords: Cotton; economies of scale; Lancashire; mules; New England; productivity; rings; spinning (search for similar items in EconPapers)
JEL-codes: N0 R14 J01 O51 O52 (search for similar items in EconPapers)
Pages: 32 pages
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:wpaper:536
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