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Simulating the Two Views of the British Industrial Revolution

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Author Info
HARLEY, C. KNICK
CRAFTS, N.F.R.

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Abstract

This study examines technical change, trade, economic structure, and growth during the British Industrial Revolution by means of computational general equilibrium (CGE) modeling. It rejects Peter Temin s contention that our new view of sectorally concentrated productivity growth is inconsistent with industrial export data. A CGE trade model with diminishing returns in agriculture and realistic assumptions about consumer demand shows that while technical change in cottons and iron were major spurs to exportation of those specific goods, the need for food imports also stimulated exports generally. Incorporating trade data thus enriches our new view.

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File URL: http://journals.cambridge.org/abstract_S0022050700000346
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Publisher Info
Article provided by Cambridge University Press in its journal The Journal of Economic History.

Volume (Year): 60 (2000)
Issue (Month): 03 (September)
Pages: 819-841
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Handle: RePEc:cup:jechis:v:60:y:2000:i:03:p:819-841_00

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  1. Kevin H. O'Rourke & Jeffrey G. Williamson, 2002. "From Malthus to Ohlin: Trade, Growth and Distribution Since 1500," CEG Working Papers 20023, Trinity College Dublin, Department of Economics. [Downloadable!]
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  2. Nicholas Crafts & Anthony J. Venables, 2002. "Globalization in History: A Geographical Perspective," CEP Discussion Papers dp0524, Centre for Economic Performance, LSE. [Downloadable!]
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  3. N. F. R. Crafts & C. Knick Harley, 2002. "Precocious British Industrialization: A General Equilibrium Perspective," UWO Department of Economics Working Papers 200213, University of Western Ontario, Department of Economics. [Downloadable!]
  4. Glenn Hueckel, . "Walker's "Equilibrium": A Review Essay," Claremont Colleges Working Papers 2002-16, Claremont Colleges. [Downloadable!]
  5. Peter Temin & Joachim Voth, 2004. "Credit Rationing and Crowding Out During the Industrial Revolution: Evidence from Hoare's Bank, 1702-1862," Economics Working Papers 859, Department of Economics and Business, Universitat Pompeu Fabra, revised Jan 2005. [Downloadable!]
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  6. Nicholas Crafts, 2002. "Productivity growth in the Industrial Revolution: a new growth accounting perspective," Proceedings, Federal Reserve Bank of San Francisco, issue Nov. [Downloadable!]
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  7. Holger Strulik & Jacob Weisdorf, 2008. "Population, food, and knowledge: a simple unified growth theory," Journal of Economic Growth, Springer, vol. 13(3), pages 195-216, September. [Downloadable!] (restricted)
  8. Strulik, Holger, 2008. "Degrees of Development - How Geographic Latitude Sets the Pace of Industrialization and Demographic Change," Diskussionspapiere der Wirtschaftswissenschaftlichen Fakultät der Universität Hannover dp-384, Universität Hannover, Wirtschaftswissenschaftliche Fakultät. [Downloadable!]
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