The Macroeconomic Aggregates for England, 1209-2008
AbstractEstimates are developed of the major macroeconomic aggregates – wages, land rents, interest rates, prices, factor shares, sectoral shares in output and employment, and real wages – for England by decade between 1209 and 2008. The efficiency of the economy 1209-2008 is also estimated. One finding is that the growth of real wages in the Industrial Revolution era and beyond was faster than the growth of output per person. Indeed until recently the greatest recipient of modern growth in England has been unskilled workers. The data also creates a number of puzzles, the principle one being the very high levels of output and efficiency estimated for England in the medieval era. This data is thus inconsistent with the general notion that there was a period of Smithian growth between 1300 and 1800 which preceded the Industrial Revolution, as expressed in such recent works as De Vries (2008).
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 InfoPaper provided by University of California, Davis, Department of Economics in its series Working Papers with number 919.
Date of creation: 28 Oct 2009
Date of revision:
Long Run Growth;
Find related papers by JEL classification:
- N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Stephen Broadberry & Bruce Campbell & Alexander Klein & Mark Overton & Bas van Leeuwen, 2012. "British Economic Growth, 1270-1870: an output-based approach," Studies in Economics 1203, Department of Economics, University of Kent.
- Strulik, Holger, 2012.
"Knowledge and growth in the very long run,"
Center for European, Governance and Economic Development Research Discussion Papers
145, University of Goettingen, Department of Economics.
- Strulik, Holger, 2010. "Knowledge and Growth in the Very Long-Run," Hannover Economic Papers (HEP) dp-459, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- Strulik, Holger, 2009. "Knowledge and Growth in the Very Long-Run," Hannover Economic Papers (HEP) dp-414, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
- Richard Rogerson & Akos Valentinyi & Berthold Herrendorf, 2007.
"Growth and Structural Transformation,"
2007 Meeting Papers
757, Society for Economic Dynamics.
- Berthold Herrendorf & Richard Rogerson & Ákos Valentinyi, 2013. "Growth and Structural Transformation," NBER Working Papers 18996, National Bureau of Economic Research, Inc.
- Herrendorf, Berthold & Rogerson, Richard & Valentinyi, Akos, 2013. "Growth and Structural Transformation," CEPR Discussion Papers 9370, C.E.P.R. Discussion Papers.
- Clark, Gregory & Cummins, Joe & Smith, Brock, 2010.
"The Surprising Wealth of Pre-industrial England,"
25468, University Library of Munich, Germany.
- Clark, Gregory, 2010. "The Consumer Revolution: Turning Point in Human History, or Statistical Artifact?," MPRA Paper 25467, University Library of Munich, Germany.
- Harley, C. Knick, 2012. "Was technological change in the early Industrial Revolution Schumpeterian? Evidence of cotton textile profitability," Explorations in Economic History, Elsevier, vol. 49(4), pages 516-527.
- Clark, Gregory, 2013.
"1381 and the Malthus delusion,"
Explorations in Economic History,
Elsevier, vol. 50(1), pages 4-15.
- António Henriques, 2014. "Plenty of Land, Land of Plenty. The Agrarian Output of Portugal (1311-20)," FEP Working Papers 520, Universidade do Porto, Faculdade de Economia do Porto.
- Jason Collins & Boris Baer & Ernst Juerg Weber, 2011. "Economic Growth And Evolution: Parental Preference For Quality And Quantity Of Offspring," Economics Discussion / Working Papers 11-05, The University of Western Australia, Department of Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Scott Dyer).
If references are entirely missing, you can add them using this form.