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UK World War I and interwar data for business cycle and growth analysis
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Nason, James M. and Vahey, Shaun P. (2012) UK World War I and interwar data for business cycle and growth analysis. Cliometrica, Volume 6 (Number 2). pp. 115-142. doi:10.1007/s11698-011-0064-5
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Official URL: http://dx.doi.org/10.1007/s11698-011-0064-5
Abstract
This article contributes new time series for studying the UK economy during World War I and the interwar period. The time series are per capita hours worked and average capital income, labor income, and consumption tax rates. Uninterrupted time series of these variables are provided for an annual sample that runs from 1913 to 1938. We highlight the usefulness of these time series with several empirical applications. The per capita hours worked data are used in a growth accounting exercise to measure the contributions of capital, labor, and productivity to output growth. The average tax rates are employed in a Bayesian model averaging experiment to reevaluate the Benjamin and Kochin (J Political Econ 87:441–478, 1979) regression.
| Item Type: | Journal Article | ||||
|---|---|---|---|---|---|
| Divisions: | Faculty of Social Sciences > Warwick Business School > Global Energy Faculty of Social Sciences > Warwick Business School |
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| Journal or Publication Title: | Cliometrica | ||||
| Publisher: | Springer | ||||
| ISSN: | 1863-2505 | ||||
| Official Date: | May 2012 | ||||
| Dates: |
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| Volume: | Volume 6 | ||||
| Number: | Number 2 | ||||
| Number of Pages: | 27 | ||||
| Page Range: | pp. 115-142 | ||||
| DOI: | 10.1007/s11698-011-0064-5 | ||||
| Status: | Not Peer Reviewed | ||||
| Publication Status: | Published | ||||
| Access rights to Published version: | Restricted or Subscription Access |
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