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The sources of British economic growth since the Industrial Revolution : not the same old story
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Crafts, N. F. R. (2019) The sources of British economic growth since the Industrial Revolution : not the same old story. Working Paper. Coventry: University of Warwick. Department of Economics. Warwick economics research papers series (WERPS) (1216). (Unpublished)
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Official URL: https://warwick.ac.uk/fac/soc/economics/research/w...
Abstract
This paper updates the classic growth accounting research of the early 1980s taking account of improved data that has subsequently become available. The picture of long-run growth which results from incorporating many revisions is considerably different. The long-run path of productivity growth is now that of a roller-coaster with twin peaks in the third quarters of the 19th and 20th centuries rather than a U-shape. Productivity growth appears to have been very slow to accelerate in the Industrial Revolution, the notion of an Edwardian climacteric is not persuasive and the current productivity slowdown stands out as unprecedented.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor |
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Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | Great Britain -- Economic conditions -- 20th century, Great Britain -- Economic conditions -- 21st century, Industrial productivity -- Great Britain, Labor productivity -- Great Britain, Economic development -- Great Britain | ||||
Series Name: | Warwick economics research papers series (WERPS) | ||||
Publisher: | University of Warwick. Department of Economics | ||||
Place of Publication: | Coventry | ||||
ISSN: | 0083-7350 | ||||
Official Date: | July 2019 | ||||
Dates: |
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Number: | 1216 | ||||
Number of Pages: | 15 | ||||
Institution: | University of Warwick | ||||
Status: | Not Peer Reviewed | ||||
Publication Status: | Unpublished | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Description: | This paper also appears as CAGE Discussion paper 430 |
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Date of first compliant deposit: | 22 July 2019 | ||||
Date of first compliant Open Access: | 24 July 2019 |
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