The Never Ending Controversy: Agrarian and Industrial Productivity Growth in Britain 1750-1860
AbstractThere is increasing controversy regarding the basic characteristics of British industrialization. This paper takes a fresh look at total factor productivity growth in agriculture and industry, suggests a new method in estimating it adopting a probability approach, and presents some new results. For the first half of the 19th century the relative performance of agriculture is upgraded and productivity growth in industry is shown to be lower than believed also in the most recent assessments. A considerably slower productivity growth of agriculture in the last half of the 18th century is confirmed. It is argued that the negtive consequences for industrial growth may not necessarily obtain.
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Bibliographic InfoPaper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 91-04.
Length: 19 pages
Date of creation: Feb 1991
Date of revision:
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