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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 ISSN 0950-0804.

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Official URL: http://dx.doi.org/10.1111/joes.12349

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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
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:
DateEvent
July 2021Published
15 December 2019Available
21 November 2019Accepted
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
Date of first compliant deposit: 19 December 2019
Date of first compliant Open Access: 15 December 2021
Is Part Of: 1

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