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Factor Prices and Productivity Growth During the British Industrial Revolution

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Author Info
Pol Antràs
Hans Joachim Voth ()

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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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Paper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 495.

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Date of creation: Oct 2000
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Handle: RePEc:upf:upfgen:495

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Related research
Keywords: British industrial revolution; productivity growth; dual measurement of productivity;

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Find related papers by JEL classification:
N13 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations - - - Europe: Pre-1913
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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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.:
  1. Trajtenberg, M. & Bresnahan, T.F., 1992. "General Purpose Technologies: "Engines of Growth"," Papers 16-92, Tel Aviv.
    Other versions:
  2. 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. [Downloadable!] (restricted)
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    Other versions:
    • Jeremy Greenwood & Boyan Jovanovic, 2000. "Accounting for Growth," RCER Working Papers 475, University of Rochester - Center for Economic Research (RCER). [Downloadable!]
    • 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. [Downloadable!]
  5. 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. [Downloadable!] (restricted)
  6. Barro, R.J. & Martin, X.S., 1990. "World Real Interest Rates," RCER Working Papers 227, University of Rochester - Center for Economic Research (RCER).
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  7. Voth, Hans-Joachim, 1998. "Time and Work in Eighteenth-Century London," The Journal of Economic History, Cambridge University Press, vol. 58(01), pages 29-58, March. [Downloadable!]
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  8. 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.
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  13. 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. [Downloadable!]
  14. 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. [Downloadable!]
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    Other versions:
  16. Harley, C.K. & Crafts, N.F.R., 1994. "Cotton Textiles and Industrial Output Growth During the Industrial revolution," The Warwick Economics Research Paper Series (TWERPS) 420, University of Warwick, Department of Economics.
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  19. 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. [Downloadable!]
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Cited by:
(explanations, 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.)

  1. Nicholas Crafts, 2002. "Productivity growth in the Industrial Revolution: a new growth accounting perspective," Proceedings, Federal Reserve Bank of San Francisco, issue Nov. [Downloadable!]
    Other versions:
  2. Michael Bar & Oksana Leukhina, . "Demographic Transition and Industrial Revolution: A Macroeconomic Investigation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics. [Downloadable!] (restricted)
    Other versions:
  3. 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. [Downloadable!]
    Other versions:
  4. 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. [Downloadable!] (restricted)
    Other versions:
  5. Brunt, Liam & Lerner, Josh & Nicholas, Tom, 2008. "Inducement Prizes and Innovation," CEPR Discussion Papers 6917, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  6. 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. [Downloadable!]
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