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Factor Prices and Productivity Growth During the British Industrial Revolution

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  • 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.

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Bibliographic Info

Paper provided by Harvard University Department of Economics in its series Scholarly Articles with number 3199066.

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Date of creation: 2003
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Publication status: Published in Explorations in Economic History
Handle: RePEc:hrv:faseco:3199066

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Citations

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Cited by:
  1. Brunt, Liam & Lerner, Josh & Nicholas, Tom, 2008. "Inducement Prizes and Innovation," CEPR Discussion Papers, C.E.P.R. Discussion Papers 6917, C.E.P.R. Discussion Papers.
  2. 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.
  3. Brunt, Liam & Lerner, Josh & Nicholas, Tom, 2011. "Inducement Prizes and Innovation," Discussion Paper Series in Economics, Department of Economics, Norwegian School of Economics 25/2011, Department of Economics, Norwegian School of Economics.
  4. Alexander Tepper & Karol Jan Borowiecki, 2013. "Accounting for breakout in Britain: The Industrial Revolution through a Malthusian lens," Staff Reports, Federal Reserve Bank of New York 639, Federal Reserve Bank of New York.
  5. Bogart, Dan, 2005. "Turnpike trusts and the transportation revolution in 18th century England," Explorations in Economic History, Elsevier, Elsevier, vol. 42(4), pages 479-508, October.
  6. Voigtländer, Nico & Voth, Hans-Joachim, 2009. "The Three Horsemen of Growth: Plague, War and Urbanization in Early Modern Europe," CEPR Discussion Papers, C.E.P.R. Discussion Papers 7275, C.E.P.R. Discussion Papers.
  7. 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.
  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. 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, Springer, vol. 11(4), pages 319-361, December.
  10. 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.
  11. Crafts, Nicholas, 2004. "Productivity Growth in the Industrial Revolution: A New Growth Accounting Perspective," The Journal of Economic History, Cambridge University Press, Cambridge University Press, vol. 64(02), pages 521-535, June.
  12. 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.
  13. Nicholas Crafts, 2003. "Quantifying the contribution of technological change to economic growth in different eras: a review of the evidence," Economic History Working Papers, London School of Economics and Political Science, Department of Economic History 22350, London School of Economics and Political Science, Department of Economic History.

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