Time is Money
A Re-Assessment of the Passenger Social Savings from Victorian British Railways
Datos Bibliográficos
| ID | 10103356 |
|---|---|
| Autores | Timothy Leunig (London School of Economics and Political Science, autor de correspondencia) |
| Año | 2006 |
| Volumen | 66 |
| Número | 3 |
| Páginas | 635-673 |
| Fecha de publicación | 2006-09-01 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | The Journal of Economic History (JOURNAL) |
| Identificadores de la revista | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Editorial | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s0022050706000283 |
| OpenAlex | W2099340193 |
| Idioma | EN |
| Citas recibidas | 38 |
| Referencias citadas | 24 |
This article assesses train speeds in England and Wales 1843–1912. Trains were fast compared with coaches or walking, and the social saving of time saved grew over time to become over 10 percent of national income in 1912. Including fare savings as well, social savings were 14 percent of national income in 1912, with consumer surplus of 6 percent. Time savings dominated fare savings once railways became a new good: travel for the masses. Using the social savings-total factor productivity identity, we show that railways accounted for around a sixth of economy-wide productivity growth in this era
Agricultural economics · Business · Demographic economics · Economic growth · Economics · Geography · Labour economics · Productivity · Train · Historical Economic and Social Studies
The Cambridge Economic History of Modern Europe
Boom and Bust
Railroads and American Economic Growth
The Making of the Modern Metropolis
House Prices and Growth with Fixed Land Supply
Globalisation of leisure in the world of tourism and night-time entertainment. Majorca, 1931-1959
High-speed rail and the spatial economy
European regional railways and real income, 1870–1910
Four Methods for Defining Organizational Boundaries in Sociology
Forging Industrial Policy
Understanding Growth in Europe, 1700–1870
Workshop on Applied Behavioral Finance Studies
Institutional Frameworks of the Development of Non-Government Universities in Russia
Recent Developments in the Theory of Very Long Run Growth
Locomotives of local growth
How Motion Pictures Industrialized Entertainment
Big Social Savings in a Small Laggard Economy
Historical energy transitions
Mobility, Transport and Social Inclusion
The beginnings of tourism in Majorca. 1837-1914
Railroad Integration and Uneven Development on the European Periphery, 1870–1910
Historical Institutionalism, Hybridity and Institutional Logics in Public Transport History
Nationalizations and the Development of Transport Systems
Where is place in the history of work? Worksites, workspaces, and the home-work nexus
Myopic rationality in a Mania
Canal carriers and creative destruction in English transport
Railroads and Rural Industrialization
A better ride
Sweet diversity
The impact of public transportation and commuting on urban labor markets
A global perspective on railway inefficiency and the rise of state ownership, 1880–1912
Managerial Failure in early Victorian Britain
Private Benefits, Public Vices
The growth contribution of colonial Indian railways in comparative perspective
New, disaggregated, British railway total factor productivity growth estimates, 1875 to 19121
How good was the profitability of British railways, 1870-1912
The development of stage coaching and the impact of turnpike roads, 1653-1840
Were British railway companies well managed in the early twentieth century?1
What explains the location of industry in Britain, 1871–1931
Regional GDP in Britain, 1871–1911
Rates of Return, Concentration Levels and Strategic Change in the British Railway Industry, 1830–1912
Big Social Savings in a Small Laggard Economy
Pessimism Perpetuated
Notes on the Social Saving Controversy
Turnpike trusts and the transportation revolution in 18th century England
The social savings from nineteenth-century rail passenger services
Railways and Economic Growth in England and Wales, 1840-70
The Elements of Railway Economics
Steam as a General Purpose Technology
Railways and Economic Growth in England and Wales 1840–1870
Roads and Their Traffic, 1750-1850
Railways and Economic Growth in England and Wales, 1840-1870
New estimates of average earnings in the United Kingdom, 1880-191311
New Estimates of Average Earnings in the United Kingdom, 1880-1913
| Obras citantes distintas | 38 |
|---|---|
| Citas por año | 1,81 |
| Intervalo de citas | 2005 - 2026 (22) |
| Velocidad de citación | current |
| Altamente citado | No |
| Tipos de cita | Neutras: 38 |