The Location of the UK Cotton Textiles Industry in 1838: A Quantitative Analysis
研究了1838年英国棉纺织业为何高度集中在兰开夏郡，分析了水动力、湿度、煤价、市场可达性和沉没成本等因素，并利用水动力向蒸汽动力的转变说明第一自然特征的持续影响可由沉没成本和集聚效应解释。
We examine the geography of cotton textiles in Britain in 1838 to test claims about why the industry came to be so heavily concentrated in Lancashire. Our analysis considers both first and second nature aspects of geography including the availability of water power, humidity, coal prices, market access, and sunk costs. We show that some of these characteristics have substantial explanatory power. Moreover, we exploit the change from water to steam power to show that the persistent effect of first nature characteristics on industry location can be explained by a combination of sunk costs and agglomeration effects.