The spatial impacts of a massive rail disinvestment program: The Beeching Axe
Stephen Gibbons, Stephan Heblich, Edward W. Pinchbeck
Abstract
This paper investigates the reversibility of the effects of transport infrastructure investments, based on a programme that removed much of the rail network in Britain during the mid-20th century. We find that a 10% loss in rail access between 1950 and 1980 caused a persistent 3% decline in local population relative to unaffected areas, implying that the 1 in 5 places most exposed to the cuts saw 24 percentage points less population growth than the 1 in 5 places that were least exposed. The cuts reduced local jobs and shares of skilled workers and young people.
Topics & Concepts
DisinvestmentBusinessEconomicsMacroeconomicsForeign direct investmentUrban and Freight Transport LogisticsAviation Industry Analysis and TrendsTransport and Economic Policies