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Total factor productivity growth in English agriculture: 1690–1914

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  • David Maddison
  • Katrin Rehdanz

Abstract

The rate of TFP growth in agriculture is sometimes thought of as facilitating the wider industrial revolution. We use data on rents, prices, wages, the cost of inventories and the user-cost of man-made capital to analyse productivity change in agriculture in England between 1690 and 1914. Adopting an approach based on the profit function we find that the rate of profit augmentation was 0.4% whilst the output and input based rates of TFP growth were 0.1 and 0.2% respectively. We cannot reject the null hypothesis that the profit function for agriculture is stable. At least in economic terms agriculture exhibited steady progress rather than revolutionary change.

Suggested Citation

  • David Maddison & Katrin Rehdanz, 2019. "Total factor productivity growth in English agriculture: 1690–1914," Oxford Economic Papers, Oxford University Press, vol. 71(3), pages 666-686.
    • Handle: RePEc:oup:oxecpp:v:71:y:2019:i:3:p:666-686.
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    File URL: http://hdl.handle.net/10.1093/oep/gpy055
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    More about this item

    JEL classification:

    • N53 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: Pre-1913
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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