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Sooner than you think : the pre-1914 UK productivity slowdown was Victorian not Edwardian
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Crafts, Nicholas and Mills, Terence C. (2020) Sooner than you think : the pre-1914 UK productivity slowdown was Victorian not Edwardian. European Review of Economic History, 24 (4). pp. 736-748. hez022. doi:10.1093/ereh/hez022 ISSN 1361-4916.
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Official URL: https://doi.org/10.1093/ereh/hez022
Abstract
This paper re-examines UK productivity growth in the decades before World War I using a new dataset compiled by Thomas and Dimsdale (2017). We find that the productivity slowdown of the early 20th century was quite modest and does not deserve to be called a climacteric. A more serious slowdown in labour productivity growth occurred in the 1870s. Neither of these episodes should be regarded as a precedent for the current severe deterioration in UK productivity performance. Nor should a late-Victorian productivity slowdown be attributed to the end of the steam age despite the popularity of this belief.
| Item Type: | Journal Article | ||||||||
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| Subjects: | 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): | Industrial productivity -- Great Britain -- 20th century, Great Britain -- Economic policy -- 20th century, Great Britain -- Economic conditions, Economic history | ||||||||
| Journal or Publication Title: | European Review of Economic History | ||||||||
| Publisher: | Cambridge University Press | ||||||||
| ISSN: | 1361-4916 | ||||||||
| Official Date: | November 2020 | ||||||||
| Dates: |
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| Volume: | 24 | ||||||||
| Number: | 4 | ||||||||
| Page Range: | pp. 736-748 | ||||||||
| Article Number: | hez022 | ||||||||
| DOI: | 10.1093/ereh/hez022 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Reuse Statement (publisher, data, author rights): | This is a pre-copyedited, author-produced version of an article accepted for publication in European Review of Economic History following peer review. The version of record Nicholas Crafts, Terence C Mills, Sooner than you think: the Pre-1914 UK Productivity Slowdown was Victorian not Edwardian, European Review of Economic History, , hez022 is available online at: https://doi.org/10.1093/ereh/hez022 | ||||||||
| Access rights to Published version: | Restricted or Subscription Access | ||||||||
| Date of first compliant deposit: | 27 November 2019 | ||||||||
| Date of first compliant Open Access: | 19 March 2022 | ||||||||
| Related URLs: |
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