Resource Endowments and Location Theory in Economic History: A Case Study of Quebec and Ontario at the Turn of the Twentieth Century
Victoria University of Wellington - School of Economics & Finance
Journal of Economic History, Vol. 46, pp. 999-1009, 1986
The hypothesis that a region's or nation's laggard industrial development can be explained by its relatively more expensive supplies of coal and iron ore is challenged here. A simple model, based on location theory, is developed. Using this model, I demonstrate the conditions under which this hypothesis holds. A case study of Quebec and Ontario industry suggests that the differential resource cost hypothesis seriously lacks explanatory power.
Keywords: Resource Endowments, Quebec, Ontario, Economic History, Coal, Iron Ore, Resource Cost hypothesis
JEL Classification: N51, Q01Accepted Paper Series
Date posted: January 14, 2010
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