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The Coming of the Railway and United Kingdom Economic Growth

Datos Bibliográficos

ID10105095
AutoresB R Mitchell (0000-0003-0096-0733, University of Colorado System, autor de correspondencia)
Año1964
Volumen24
Número3
Páginas315-336
Fecha de publicación1964-09-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaThe Journal of Economic History (JOURNAL)
Identificadores de la revistaISSN: 0022-0507 • E-ISSN: 1471-6372
EditorialCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050700060873
OpenAlexW1921737868
IdiomaEN
Citas recibidas31
Referencias citadas15

According to W. W. Rostow, “the introduction of the railroad has been historically the most powerful single initiator of take-offs,” having “three major kinds of impact on economic growth during the take-off period,” namely, lowering transport costs and bringing new areas and products into the market; developing a major new export sector; and leading on to the development of modern coal, iron, and engineering industries. But though all these three can be traced in mid-nineteenth-century Britain, the railways are not accorded the role of initiator in that country since, in the Rostow schema , the take-off had already occurred before the invention of the locomotive. The size of the investment in Britain's railways is such, however, that it is worth examining their impact, even if this was not so overwhelming as in some other countries

Business · Economic policy · Economics · Economy · International trade · Investment (military · Kingdom · Market economy · Political science · Transport and Economic Policies

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Obras citantes distintas31
Citas por año0,54
Intervalo de citas1969 - 2026 (58)
Velocidad de citacióncurrent
Altamente citadoNo
Tipos de citaNeutras: 31
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