Crafts, Nicholas and Mills, Terence C. (2019) Sooner than you think : the pre-1914 UK productivity slowdown was Victorian not Edwardian. European Review of Economic History . (In Press)

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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
Divisions:	Faculty of Social Sciences > Economics
Journal or Publication Title:	European Review of Economic History
Publisher:	Cambridge University Press
ISSN:	1361-4916
Official Date:	2019
Dates:	Date Event 2019 Available 12 November 2019 Accepted
Date of first compliant deposit:	27 November 2019
Status:	Peer Reviewed
Publication Status:	In Press
Publisher Statement:	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 [insert complete citation information here] is available online at: xxxxxxx [insert URL and DOI of the article on the OUP website].
Access rights to Published version:	Restricted or Subscription Access
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