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British economic growth : 1270 - 1870
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Broadberry, S. N., Campbell, B. M. S., Klein, Alexander, Overton, Mark and Leeuwen, Bas van (2010) British economic growth : 1270 - 1870. Working Paper. Coventry, UK: Department of Economics, University of Warwick. CAGE Online Working Paper Series, Volume 2010 (Number 35).
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Text (Working paper)
WRAP_35.2010_broadberry.pdf - Published Version Download (1301Kb) | Preview |
Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
We provide annual estimates of GDP for England between 1270 and 1700 and
for Great Britain between 1700 and 1870, constructed from the output side. The GDP
data are combined with population estimates to calculate GDP per capita. We find
English per capita income growth of 0.20 per cent per annum between 1270 and 1700,
although growth was episodic, with the strongest growth during the Black Death crisis of
the fourteenth century and in the second half of the seventeenth century. For the period
1700-1870, we find British per capita income growth of 0.48 per cent, broadly in line
with the widely accepted Crafts/Harley estimates. This modest trend growth in per capita
income since 1270 suggests that, working back from the present, living standards in the
late medieval period were well above “bare bones subsistence”. This can be reconciled
with modest levels of kilocalorie consumption per head because of the very large share of
pastoral production in agriculture.
| Item Type: | Working or Discussion Paper (Working Paper) | ||||
|---|---|---|---|---|---|
| Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
| Divisions: | Faculty of Social Sciences > Economics | ||||
| Library of Congress Subject Headings (LCSH): | Economic development -- Great Britain -- History, Gross domestic product -- Great Britain -- History | ||||
| Series Name: | CAGE Online Working Paper Series | ||||
| Publisher: | Department of Economics, University of Warwick | ||||
| Place of Publication: | Coventry, UK | ||||
| Official Date: | December 2010 | ||||
| Dates: |
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| Volume: | Volume 2010 | ||||
| Number: | Number 35 | ||||
| Number of Pages: | 70 | ||||
| Institution: | University of Warwick | ||||
| Status: | Not Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Open Access | ||||
| Funder: | Leverhulme Trust (LT), Seventh Framework Programme (European Commission) (FP7) | ||||
| Grant number: | F/00215AR (LT), SSH7-CT-2008-225342 (FP7) |
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