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Inter-modal Network Externalities and Transport Development: Evidence from Roads, Canals, and Ports during the English Industrial Revolution

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  • Dan Bogart

    (Department of Economics, University of California-Irvine)

Abstract

How does the development of one transport mode influence the development of another? This paper uses time-series data to test whether inter-model network externalities influenced the development of road, canal, and port infrastructure in England from 1760 to 1830. The main finding is that road development had a positive effect on canal development. The results suggest that the option value of investing in a canal in the future diminished when nearby road improvements were initiated because there was less uncertainty about future profits from canal tolls. They also suggest a reinterpretation of road transport in the Industrial Revolution and point to the general importance of inter-modal network externalities.

Suggested Citation

  • Dan Bogart, 2008. "Inter-modal Network Externalities and Transport Development: Evidence from Roads, Canals, and Ports during the English Industrial Revolution," Working Papers 070812, University of California-Irvine, Department of Economics.
    • Handle: RePEc:irv:wpaper:070812
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    File URL: https://www.economics.uci.edu/files/docs/workingpapers/2007-08/bogart-12.pdf
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    References listed on IDEAS

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    1. N. F. R. Crafts & C. K. Harley, 1992. "Output growth and the British industrial revolution: a restatement of the Crafts-Harley view," Economic History Review, Economic History Society, vol. 45(4), pages 703-730, November.
    2. Pindyck, Robert S, 1991. "Irreversibility, Uncertainty, and Investment," Journal of Economic Literature, American Economic Association, vol. 29(3), pages 1110-1148, September.
    3. Robert J. Barro & Xavier Sala-I-Martin, 1992. "Public Finance in Models of Economic Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(4), pages 645-661.
    4. David M. Levinson, 2002. "Financing Transportation Networks," Books, Edward Elgar Publishing, number 2308.
    5. Gregory Clark, 2001. "Farm Wages and Living Standards in the Industrial Revolution: England,1670–1869[This resea]," Economic History Review, Economic History Society, vol. 54(3), pages 477-505, August.
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    Citations

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    Cited by:

    1. Dimitrios Tsiotas & Serafeim Polyzos, 2018. "The Complexity in the Study of Spatial Networks: an Epistemological Approach," Networks and Spatial Economics, Springer, vol. 18(1), pages 1-32, March.
    2. Ducruet, César, 2013. "Network diversity and maritime flows," Journal of Transport Geography, Elsevier, vol. 30(C), pages 77-88.
    3. David Levinson, 2009. "Introduction to the Special Issue on the Evolution of Transportation Network Infrastructure," Networks and Spatial Economics, Springer, vol. 9(3), pages 289-290, September.
    4. Louis Grange & Felipe González & Ignacio Vargas & Rodrigo Troncoso, 2015. "A Logit Model With Endogenous Explanatory Variables and Network Externalities," Networks and Spatial Economics, Springer, vol. 15(1), pages 89-116, March.
    5. Ducruet, César, 2017. "Multilayer dynamics of complex spatial networks: The case of global maritime flows (1977–2008)," Journal of Transport Geography, Elsevier, vol. 60(C), pages 47-58.
    6. César Ducruet, 2013. "Network diversity and maritime flows," Post-Print halshs-00815731, HAL.
    7. Theodore Tsekeris, 2011. "Public Expenditure Competition in the Transport Sector: Intermodal and Spatial Considerations for Greece," Environment and Planning A, , vol. 43(8), pages 1981-1998, August.
    8. César Ducruet & Laurent Beauguitte, 2014. "Spatial Science and Network Science: Review and Outcomes of a Complex Relationship," Networks and Spatial Economics, Springer, vol. 14(3), pages 297-316, December.
    9. Cai, Wenxue & Liang, Fenfen & Wan, Yanchun & Zhong, Huiling & Gu, Yimiao, 2021. "An innovative approach for constructing a shipping index based on dynamic weighted complex networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 578(C).
    10. Zhang, Hui & Cui, Houdun & Wang, Wei & Song, Wenbo, 2020. "Properties of Chinese railway network: Multilayer structures based on timetable data," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 560(C).

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    More about this item

    Keywords

    Inter-modal network externalities; British transport; Industrial Revolution;
    All these keywords.

    JEL classification:

    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • R50 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - General
    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913

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    1. Historical Economic Geography

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