Advanced Search
MyIDEAS: Login to save this article or follow this journal

Factor prices and productivity growth during the British industrial revolution

Contents:

Author Info

  • Antras, Pol
  • Voth, Hans-Joachim

Abstract

This paper presents new estimates of total factor productivity growth in Britain for the period 1770–1860. We use the dual technique and argue that the estimates we derive from factor prices are of similar quality to quantity-based calculations. Our results provide further evidence, calculated on the basis of an independent set of sources, that productivity growth during the British Industrial Revolution was relatively slow. The Crafts–Harley view of the Industrial Revolution is thus reinforced. Our preferred estimates suggest a modest acceleration after 1800.

(This abstract was borrowed from another version of this item.)

Download Info

If 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.
File URL: http://www.sciencedirect.com/science/article/B6WFJ-47TNPDY-1/2/333afeaadb73c11d0e6b81a4b02cecd2
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Elsevier in its journal Explorations in Economic History.

Volume (Year): 40 (2003)
Issue (Month): 1 (January)
Pages: 52-77

as in new window
Handle: RePEc:eee:exehis:v:40:y:2003:i:1:p:52-77

Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/622830

Related research

Keywords:

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
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.:
as in new window
  1. Jeremy Greenwood & Boyan Jovanovic, 1998. "Accounting for Growth," NBER Working Papers 6647, National Bureau of Economic Research, Inc.
    • Jeremy Greenwood & Boyan Jovanovic, 2001. "Accounting for Growth," NBER Chapters, in: New Developments in Productivity Analysis, pages 179-224 National Bureau of Economic Research, Inc.
  2. Williamson, Jeffrey G., 1984. "Why Was British Growth So Slow During the Industrial Revolution?," The Journal of Economic History, Cambridge University Press, vol. 44(03), pages 687-712, September.
  3. Andreas Hornstein & Per Krusell, 1996. "Can Technology Improvements Cause Productivity Slowdowns?," NBER Chapters, in: NBER Macroeconomics Annual 1996, Volume 11, pages 209-276 National Bureau of Economic Research, Inc.
  4. By R.V. JACKSON, 1992. "Rates of industrial growth during the industrial revolution," Economic History Review, Economic History Society, vol. 45(1), pages 1-23, 02.
  5. Hans-Joachim Voth, 1997. "Time and Work in Eighteenth-Century London," Economics Series Working Papers 1997-W21, University of Oxford, Department of Economics.
  6. Bresnahan, Timothy F. & Trajtenberg, M., 1995. "General purpose technologies 'Engines of growth'?," Journal of Econometrics, Elsevier, vol. 65(1), pages 83-108, January.
  7. C. Knick Harley & N.F.R. Crafts, 1998. "Productivity Growth during the First Industrial Revolution: Inferences from the Pattern of British External Trade," UWO Department of Economics Working Papers 9809, University of Western Ontario, Department of Economics.
  8. C. Knick Harley, 1999. "Cotton textile prices revisited: a response to Cuenca Esteban," Economic History Review, Economic History Society, vol. 52(4), pages 756-765, November.
  9. C Knick Harley & Nicholas Crafts, 1998. "Productivity of growth during the First Industrial Revolution: inferences from the pattern of British external trade," Economic History Working Papers 22396, London School of Economics and Political Science, Department of Economic History.
  10. N. F. R. Crafts & C. K. Harley, 1992. "Output growth and the British industrial revolution: a restatement of the Crafts-Harley view," Economic History Review, Economic History Society, vol. 45(4), pages 703-730, November.
  11. Michael J. Boskin, 1998. "Consumer Prices, the Consumer Price Index, and the Cost of Living," Journal of Economic Perspectives, American Economic Association, vol. 12(1), pages 3-26, Winter.
  12. Julian Hoppit, 1986. "Financial Crises in Eighteenth-century England," Economic History Review, Economic History Society, vol. 39(1), pages 39-58, 02.
  13. Collins, William J. & Williamson, Jeffrey G., 2001. "Capital-Goods Prices And Investment, 1870 1950," The Journal of Economic History, Cambridge University Press, vol. 61(01), pages 59-94, March.
  14. Turner,M. E. & Beckett,J. V. & Afton,B., 1997. "Agricultural Rent in England, 1690–1914," Cambridge Books, Cambridge University Press, number 9780521450539, April.
  15. McCloskey, Donald N., 1972. "The Enclosure of Open Fields: Preface to a Study of Its Impact on the Efficiency of English Agriculture in the Eighteenth Century," The Journal of Economic History, Cambridge University Press, vol. 32(01), pages 15-35, March.
  16. Mokyr, Joel, 1987. "Has the industrial revolution been crowded out? Some reflections on Crafts and Williamson," Explorations in Economic History, Elsevier, vol. 24(3), pages 293-319, July.
  17. Irwin, Douglas A, 1991. "Terms of Trade and Economic Growth in Nineteenth Century Britain," Bulletin of Economic Research, Wiley Blackwell, vol. 43(1), pages 93-101, January.
  18. N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
  19. Jorgenson, Dale W., 1966. "The Embodiment Hypothesis," Scholarly Articles 3403063, Harvard University Department of Economics.
  20. Clark, Gregory, 1998. "Renting The Revolution," The Journal of Economic History, Cambridge University Press, vol. 58(01), pages 206-210, March.
  21. Harley, C. Knick, 1982. "British Industrialization Before 1841: Evidence of Slower Growth During the Industrial Revolution," The Journal of Economic History, Cambridge University Press, vol. 42(02), pages 267-289, June.
  22. Barro, R.J. & Martin, X.S., 1990. "World Real Interest Rates," RCER Working Papers 227, University of Rochester - Center for Economic Research (RCER).
    • Robert J. Barro & Xavier Sala-i-Martin, 1990. "World Real Interest Rates," NBER Chapters, in: NBER Macroeconomics Annual 1990, Volume 5, pages 15-74 National Bureau of Economic Research, Inc.
  23. Paul David & Gavin Wright, 1999. "General Purpose Technologies and Surges in Productivity: Historical Reflections on the Future of the ICT Revolution," Economics Series Working Papers 1999-W31, University of Oxford, Department of Economics.
  24. Chapman, John, 1999. "Charities, Rents, and Enclosure: A Comment on Clark," The Journal of Economic History, Cambridge University Press, vol. 59(02), pages 447-450, June.
  25. C. K. Harley & N. F. R. Crafts, 1995. "Cotton textiles and industrial output growth during the industrial revolution," Economic History Review, Economic History Society, vol. 48(1), pages 134-144, 02.
  26. Chang-Tai Hsieh, 2002. "What Explains the Industrial Revolution in East Asia? Evidence From the Factor Markets," American Economic Review, American Economic Association, vol. 92(3), pages 502-526, June.
  27. Dale W. Jorgenson, 1966. "The Embodiment Hypothesis," Journal of Political Economy, University of Chicago Press, vol. 74, pages 1.
  28. Feinstein, Charles H., 1998. "Pessimism Perpetuated: Real Wages and the Standard of Living in Britain during and after the Industrial Revolution," The Journal of Economic History, Cambridge University Press, vol. 58(03), pages 625-658, September.
  29. Peter H. Lindert & Jeffrey G. Williamson, 1983. "English Workers’Living Standards During the Industrial Revolution: A New Look," Economic History Review, Economic History Society, vol. 36(1), pages 1-25, 02.
  30. Maxine Berg & Pat Hudson, 1992. "Rehabilitating the industrial revolution," Economic History Review, Economic History Society, vol. 45(1), pages 24-50, 02.
  31. Turner, Michael & Beckett, John & Afton, Bethanie, 1998. "Renting The Revolution: A Reply to Clark," The Journal of Economic History, Cambridge University Press, vol. 58(01), pages 211-214, March.
  32. Temin, Peter, 1997. "Two Views of the British Industrial Revolution," The Journal of Economic History, Cambridge University Press, vol. 57(01), pages 63-82, March.
  33. Chang-Tai Hsieh, 1999. "Productivity Growth and Factor Prices in East Asia," American Economic Review, American Economic Association, vol. 89(2), pages 133-138, May.
  34. David, Paul A, 1990. "The Dynamo and the Computer: An Historical Perspective on the Modern Productivity Paradox," American Economic Review, American Economic Association, vol. 80(2), pages 355-61, May.
  35. Harley, C. Knick & Crafts, N.F.R., 2000. "Simulating the Two Views of the British Industrial Revolution," The Journal of Economic History, Cambridge University Press, vol. 60(03), pages 819-841, September.
  36. Feinstein, Charles, 1988. "The Rise and Fall of the Williamson Curve," The Journal of Economic History, Cambridge University Press, vol. 48(03), pages 699-729, September.
  37. Javier Cuenca Esteban, 1995. "Further evidence of falling prices of cotton cloth, 1768-1816," Economic History Review, Economic History Society, vol. 48(1), pages 145-150, 02.
  38. Charles Feinstein,, 1996. "Conjectures and Contrivances: Economic Growth and the Standard of Living in Britain During the Industrial Revolution," Oxford University Economic and Social History Series _009, Economics Group, Nuffield College, University of Oxford.
  39. Julian Hoppit, 1990. "Counting the industrial revolution," Economic History Review, Economic History Society, vol. 43(2), pages 173-193, 05.
  40. Javier Cuenca Esteban, 1994. "British textile prices, 1770-1831: are British growth rates worth revising once again?," Economic History Review, Economic History Society, vol. 47(1), pages 66-105, 02.
  41. Buchinsky, Moshe & Polak, Ben, 1993. "The Emergence of a National Capital Market in England, 1710–1880," The Journal of Economic History, Cambridge University Press, vol. 53(01), pages 1-24, March.
  42. Lindert, Peter H. & Williamson, Jeffrey G., 1985. "English Workers' Real Wages: Reply to Crafts," The Journal of Economic History, Cambridge University Press, vol. 45(01), pages 145-153, March.
Full references (including those not matched with items on IDEAS)

Citations

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

Cited by:
  1. Carlos Esteban Posada & Edgar Trujillo, 2004. "Los Precios Y El Impacto De La Industria En El Crecimiento Económico: Los Casos Ingles(1770-1840) Y Colombiano(1923-1998)," BORRADORES DE ECONOMIA 003179, BANCO DE LA REPÚBLICA.
  2. Voigtländer, Nico & Voth, Hans-Joachim, 2009. "The Three Horsemen of Growth: Plague, War and Urbanization in Early Modern Europe," CEPR Discussion Papers 7275, C.E.P.R. Discussion Papers.
  3. Tepper, Alexander & Borowiecki, Karol Jan, 2013. "Accounting for Breakout in Britain: The Industrial Revolution through a Malthusian Lens," Discussion Papers of Business and Economics 14/2013, Department of Business and Economics, University of Southern Denmark.
  4. Nico Voigtländer & Hans-Joachim Voth, 2006. "Why England? Demographic factors, structural change and physical capital accumulation during the Industrial Revolution," Journal of Economic Growth, Springer, vol. 11(4), pages 319-361, December.
  5. Bogart, Dan, 2005. "Turnpike trusts and the transportation revolution in 18th century England," Explorations in Economic History, Elsevier, vol. 42(4), pages 479-508, October.
  6. Nicholas Crafts, 2003. "Quantifying the contribution of technological change to economic growth in different eras: a review of the evidence," Economic History Working Papers 22350, London School of Economics and Political Science, Department of Economic History.
  7. Brunt, Liam & Lerner, Josh & Nicholas, Tom, 2011. "Inducement Prizes and Innovation," Discussion Paper Series in Economics 25/2011, Department of Economics, Norwegian School of Economics.
  8. Michael Bar & Oksana Leukhina, 2009. "Supplemental Notes to "Demographic transition and industrial revolution: A macroeconomic investigation"," Technical Appendices 08-85, Review of Economic Dynamics.
  9. Leandro Prados de la Escosura & Joan R. Rosés, 2008. "Proximate causes of economic growth in Spain, 1850-2000," Working Papers in Economic History wp08-12, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
  10. Brunt, Liam & Lerner, Josh & Nicholas, Tom, 2008. "Inducement Prizes and Innovation," CEPR Discussion Papers 6917, C.E.P.R. Discussion Papers.
  11. Mara P. Squicciarini & Nico Voigtländer, 2014. "Human Capital and Industrialization: Evidence from the Age of Enlightenment," NBER Working Papers 20219, National Bureau of Economic Research, Inc.
  12. Crafts, Nicholas, 2004. "Productivity Growth in the Industrial Revolution: A New Growth Accounting Perspective," The Journal of Economic History, Cambridge University Press, vol. 64(02), pages 521-535, June.
  13. Mokyr, Joel, 2005. "Long-Term Economic Growth and the History of Technology," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 17, pages 1113-1180 Elsevier.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:eee:exehis:v:40:y:2003:i:1:p:52-77. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).

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.