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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

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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
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
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:
DateEvent
November 2020Published
19 March 2020Available
12 November 2019Accepted
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
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