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The sources of British Economic growth since the industrial revolution : not the same old story
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Crafts, Nicholas (2021) The sources of British Economic growth since the industrial revolution : not the same old story. Journal of Economic Surveys, 35 (3). pp. 697-709. doi:10.1111/joes.12349
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Official URL: http://dx.doi.org/10.1111/joes.12349
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: | Journal Article | ||||||||
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| Subjects: | H Social Sciences > HD Industries. Land use. Labor | ||||||||
| Divisions: | Faculty of Social Sciences > Economics | ||||||||
| Library of Congress Subject Headings (LCSH): | Great Britain -- Economic conditions -- 19th century, Great Britain -- Economic conditions -- 20th century, Economic development -- Great Britain, Great Britain -- Commerce -- History, Climate and civilization | ||||||||
| Journal or Publication Title: | Journal of Economic Surveys | ||||||||
| Publisher: | Wiley-Blackwell Publishing Ltd. | ||||||||
| ISSN: | 0950-0804 | ||||||||
| Official Date: | July 2021 | ||||||||
| Dates: |
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| Volume: | 35 | ||||||||
| Number: | 3 | ||||||||
| Page Range: | pp. 697-709 | ||||||||
| DOI: | 10.1111/joes.12349 | ||||||||
| Status: | Peer Reviewed | ||||||||
| Publication Status: | Published | ||||||||
| Reuse Statement (publisher, data, author rights): | "This is the peer reviewed version of the following article:Crafts, N. (2019), THE SOURCES OF BRITISH ECONOMIC GROWTH SINCE THE INDUSTRIAL REVOLUTION: NOT THE SAME OLD STORY. Journal of Economic Surveys. which has been published in final form at doi:10.1111/joes.12349, This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions." | ||||||||
| Access rights to Published version: | Restricted or Subscription Access |
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