TY - JOUR
T1 - Temporary shocks and persistent effects in urban economies
T2 - Evidence from British cities after the U.S. Civil War
AU - Hanlon, W. Walker
N1 - Publisher Copyright:
© 2017 by the President and Fellows of Harvard College and the Massachusetts Institute of Technology.
PY - 2017/3/1
Y1 - 2017/3/1
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=85013661640&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85013661640&partnerID=8YFLogxK
U2 - 10.1162/REST_a_00621
DO - 10.1162/REST_a_00621
M3 - Article
AN - SCOPUS:85013661640
SN - 0034-6535
VL - 99
SP - 67
EP - 79
JO - Review of Economics and Statistics
JF - Review of Economics and Statistics
IS - 1
ER -