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Trends and Cycles in British Industrial Production, 1700–1913

Author

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  • N. F. R. Crafts
  • S. J. Leybourne
  • T. C. Mills

Abstract

A new index of industrial production for Britain for the years 1700 to 1913 is constructed. Using a structural time series model estimated via the Kaiman filter, the index is decomposed into its trend and cycle components. These are then compared with those obtained from using traditionally available indices and the implications for the historiography of British economic growth during the 18th and 19th century are discussed.

Suggested Citation

  • N. F. R. Crafts & S. J. Leybourne & T. C. Mills, 1989. "Trends and Cycles in British Industrial Production, 1700–1913," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 152(1), pages 43-60, January.
    • Handle: RePEc:bla:jorssa:v:152:y:1989:i:1:p:43-60
    DOI: 10.2307/2982820
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    Cited by:

    1. Stuermer, Martin, 2018. "150 Years Of Boom And Bust: What Drives Mineral Commodity Prices?," Macroeconomic Dynamics, Cambridge University Press, vol. 22(3), pages 702-717, April.
    2. Crafts, N. F. R. & Leybourne, S. J. & Mills, T. C., 1988. "Economic Growth In Nineteeth Century Britain: Comparisons With Europe In The Context Of Gerschenkron'S Hypotheses," Economic Research Papers 268342, University of Warwick - Department of Economics.
    3. Stephen Broadberry & Bruce Campbell & Alexander Klein & Mark Overton, 2010. "British economic growth, 1300-1850: some preliminary estimates," Working Papers 10009, Economic History Society.
    4. Solomos Solomou & Ryland Thomas, 2019. "Feinstein Fulfilled: Updated Estimates of UK GDP 1841-1920," Economic Statistics Centre of Excellence (ESCoE) Technical Reports ESCOE-TR-04, Economic Statistics Centre of Excellence (ESCoE).

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