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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 . hez022. doi:10.1093/ereh/hez022 (In Press)
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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 | ||||||
|---|---|---|---|---|---|---|---|
| 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: | 19 March 2020 | ||||||
| Dates: |
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| Date of first compliant deposit: | 27 November 2019 | ||||||
| Article Number: | hez022 | ||||||
| DOI: | 10.1093/ereh/hez022 | ||||||
| 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 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 | ||||||
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