Forging Ahead and Falling Behind: The Rise and Relative Decline of the First Industrial Nation
AbstractThis paper considers Britain's failure to maintain its lead in economic growth in the face of overtaking by the United States. Recent cliometric research is reviewed and it is argued that early nineteenth century Britain had a low growth potential by twentieth century standards and that the American growth of the early twentieth century was of a quite different kind. Neither traditional nor new growth theories can encompass this experience and it is suggested that natural resource endowments, location-specific learning processes, and the international migration of factors of production were central aspects of American overtaking of Britain.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by American Economic Association in its journal Journal of Economic Perspectives.
Volume (Year): 12 (1998)
Issue (Month): 2 (Spring)
Find related papers by JEL classification:
- N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
- E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Broadberry, S N, 1994.
"Technological Leadership and Productivity Leadership in Manufacturing since the Industrial Revolution: Implications for the Convergence Debate,"
Royal Economic Society, vol. 104(423), pages 291-302, March.
- Broadberry, S., 1993. "Technological Leadership and Productivity Leadership in Manufacturing Since the Industrial Revolution: Implications for the Convergence Debate," The Warwick Economics Research Paper Series (TWERPS) 414, University of Warwick, Department of Economics.
- Broadberry S. N., 1994.
"Comparative Productivity in British and American Manufacturing during the Nineteenth Century,"
Explorations in Economic History,
Elsevier, vol. 31(4), pages 521-548, October.
- Broadberry, S.N., 1992. "Comparative Productivity in British and American Manufacturing During the Nineteenth Century," The Warwick Economics Research Paper Series (TWERPS) 399, University of Warwick, Department of Economics.
- Nicholas Crafts, 1997.
"Some dimensions of the 'quality of life' during the British industrial revolution,"
Economic History Working Papers
20349, London School of Economics and Political Science, Department of Economic History.
- N. F. R. Crafts, 1997. "Some Dimensions of the ‘Quality of Life’ During the British Industrial Revolution," Economic History Review, Economic History Society, vol. 50(4), pages 617-639, November.
- Nicholas Crafts, 1997. "Some Dimensions of the Quality of Life during the British Industrial Revolution," CEP Discussion Papers dp0339, Centre for Economic Performance, LSE.
- K. Berrill, 1960. "International Trade And The Rate Of Economic Growth," Economic History Review, Economic History Society, vol. 12(3), pages 351-359, 04.
- Crafts, N. F. R., 1995. "Exogenous or Endogenous Growth? The Industrial Revolution Reconsidered," The Journal of Economic History, Cambridge University Press, vol. 55(04), pages 745-772, December.
- Brezis, Elise S & Krugman, Paul R & Tsiddon, Daniel, 1993. "Leapfrogging in International Competition: A Theory of Cycles in National Technological Leadership," American Economic Review, American Economic Association, vol. 83(5), pages 1211-19, December.
- Abramovitz, Moses, 1993. "The Search for the Sources of Growth: Areas of Ignorance, Old and New," The Journal of Economic History, Cambridge University Press, vol. 53(02), pages 217-243, June.
- Crafts, N. F. R., 1987. "British economic growth, 1700-1850; some difficulties of interpretation," Explorations in Economic History, Elsevier, vol. 24(3), pages 245-268, July.
- Julio Martínez-Galarraga & Marc Prat, 2014. "Wages and prices in early Catalan industrialisation," UB Economics Working Papers 2014/305, Universitat de Barcelona, Facultat d'Economia i Empresa, UB Economics.
- Crafts, Nicholas, 2012. "British relative economic decline revisited: The role of competition," Explorations in Economic History, Elsevier, vol. 49(1), pages 17-29.
- Ian W. McLean, 2005.
"Why Was Australia So Rich?,"
School of Economics Working Papers
2005-11, University of Adelaide, School of Economics.
- Crafts, Nicholas, 2011.
"British Relative Economic Decline Revisited,"
CAGE Online Working Paper Series
42, Competitive Advantage in the Global Economy (CAGE).
- Jurica Šimurina & Josip Tica, 2006. "Historical Perspective of the Role of Technology in Economic Development," EFZG Working Papers Series 0610, Faculty of Economics and Business, University of Zagreb.
- Tom Nicholas, 1998. "Clogs to clogs in three generations? Explaining entrepreneurial performance in Britain since 1850," Economic History Working Papers 22395, London School of Economics and Political Science, Department of Economic History.
- Nicholas Crafts, 2000. "Development history," Economic History Working Papers 22384, London School of Economics and Political Science, Department of Economic History.
- repec:cge:warwcg:42 is not listed on IDEAS
- Ian McLean, 2004.
"Australian Economic Growth in Historical Perspective,"
Method and Hist of Econ Thought
- Ian W. Mclean, 2004. "Australian Economic Growth in Historical Perspective," The Economic Record, The Economic Society of Australia, vol. 80(250), pages 330-345, 09.
- Ian W. McLean, 2004. "Australian Economic Growth in Historical Perspective," School of Economics Working Papers 2004-01, University of Adelaide, School of Economics.
- Nicholas Crafts, 1999. "Quantitative economic history," Economic History Working Papers 22390, London School of Economics and Political Science, Department of Economic History.
- Sarah Cochrane, 2009. "Assessing the Impact of World War I on the City of London," Economics Series Working Papers 456, University of Oxford, Department of Economics.
- Morse, Stephen, 2003. "For better or for worse, till the human development index do us part?," Ecological Economics, Elsevier, vol. 45(2), pages 281-296, June.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jane Voros) or (Michael P. Albert).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.