TEMPORARY SHOCKS AND PERSISTENT EFFECTS IN URBAN ECONOMIES EVIDENCE FROM BRITISH CITIES AFTER THE U.S. CIVIL WAR

Can a temporary economic shock to an important local industry influence long-run city population? To answer this question I study the large temporary shock to British cities caused by the U.S. Civil War (1861–1865), which reduced cotton supplies to Britain’s important cotton textile industry. I show...

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Bibliographic Details
Published inThe review of economics and statistics Vol. 99; no. 1; pp. 67 - 79
Main Author Hanlon, W. Walker
Format Journal Article
LanguageEnglish
Published Cambridge MIT Press 01.03.2017
The MIT Press
MIT Press Journals, The
Subjects
American Civil War
Cities
Cotton
Demography
Studies
Textile industry
United Kingdom
United States
Urban development
United Kingdom > UK
United States > US
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Summary:Can a temporary economic shock to an important local industry influence long-run city population? To answer this question I study the large temporary shock to British cities caused by the U.S. Civil War (1861–1865), which reduced cotton supplies to Britain’s important cotton textile industry. I show that this event temporarily reduced the growth rate of cities specializing in cotton textile production, relative to other English cities, and led to a persistent change in the level of city population.
Bibliography:March, 2017
ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
ISSN:0034-6535
1530-9142
DOI:10.1162/REST_a_00621