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British economic growth 1270-1870
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Broadberry, S. N., Campbell, Bruce, Klein, Alexander, Overton, Mark and van Leeuwen, Bas (2011) British economic growth 1270-1870. In: European historical economics society conference, Dublin, 2-3 Sep 2011 (Unpublished)
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Official URL: http://www.eh.net/eha/system/files/Broadberry.pdf
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: | Conference Item (Paper) | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Official Date: | 2 September 2011 | ||||
Dates: |
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Status: | Not Peer Reviewed | ||||
Publication Status: | Unpublished | ||||
Version or Related Resource: | Broadberry, Stephen, et al. (2011). British economic growth 1270-1870. In: Economic History Association Annual Meeting 2010. Evanston, Illinois, 24-26 Sep 2010. Broadberry, Stephen, et al. (2011). British economic growth 1270-1870. In: IARIW 31st General Conference. St-Gallen, Switzerland, 22-28 Aug 2010. | ||||
Conference Paper Type: | Paper | ||||
Title of Event: | European historical economics society conference | ||||
Type of Event: | Conference | ||||
Location of Event: | Dublin | ||||
Date(s) of Event: | 2-3 Sep 2011 | ||||
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