IDEAS home Printed from https://ideas.repec.org/a/bla/manch2/v65y1997i2p192-212.html
   My bibliography  Save this article

Unit Roots and British Industrial Growth, 1923-92

Author

Listed:
  • Greasley, David
  • Oxley, Les

Abstract

Statistical properties and historical characteristics of British industrial production are examined. Since 1922 production appears to follow a segmented trend stationary process. Prior historical information and recursive searching are used to identify discontinuities in 1973 and 1979, whereas World War II's impact was limited. The wartime shift to fuller employment was accompanied by a productivity crash and trend industrial growth changed little. The major shift in production trend was at the time of the 1973 oil shock. Discontinuity around 1979 took the form of a crash and accelerating productivity contributed to industrial employment collapsing to levels not experienced since the nineteenth century. Copyright 1997 by Blackwell Publishers Ltd and The Victoria University of Manchester

Suggested Citation

  • Greasley, David & Oxley, Les, 1997. "Unit Roots and British Industrial Growth, 1923-92," The Manchester School of Economic & Social Studies, University of Manchester, vol. 65(2), pages 192-212, March.
    • Handle: RePEc:bla:manch2:v:65:y:1997:i:2:p:192-212
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Greasley, David & Oxley, Les, 1998. "Comparing British and American Economic and Industrial Performance 1860-1993: A Time Series Perspective," Explorations in Economic History, Elsevier, vol. 35(2), pages 171-195, April.
    2. David Greasley & Les Oxley, 1997. "Shock Persistence and Structural Change," The Economic Record, The Economic Society of Australia, vol. 73(223), pages 348-362, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:manch2:v:65:y:1997:i:2:p:192-212. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/semanuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.