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China, Europe and the great Divergence: A Study in Historical National Accounting, 980-1850

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  • Broadberry, Stephen N
  • Guan, Hanhui
  • Li, David Daokui

Abstract

Chinese GDP per capita fluctuated at a high level during the Northern Song and Ming dynasties before trending downwards during the Qing dynasty. China led the world in living standards during the Northern Song dynasty, but had fallen behind Italy by 1300. At this stage, it is possible that parts of China were still on a par with the richest parts of Europe, but by 1750 the gap was too large to be bridged by regional variation within China and the Great Divergence had already begun before the Industrial Revolution

Suggested Citation

  • Broadberry, Stephen N & Guan, Hanhui & Li, David Daokui, 2017. "China, Europe and the great Divergence: A Study in Historical National Accounting, 980-1850," CEPR Discussion Papers 11972, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:11972
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    References listed on IDEAS

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    1. Broadberry, Stephen & Custodis, Johann & Gupta, Bishnupriya, 2015. "India and the great divergence: An Anglo-Indian comparison of GDP per capita, 1600–1871," Explorations in Economic History, Elsevier, vol. 55(C), pages 58-75.
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    Cited by:

    1. Broadberry, Stephen, 2013. "Accounting for the great divergence," Economic History Working Papers 54573, London School of Economics and Political Science, Department of Economic History.
    2. Mandai, Yu & Nakabayashi, Masaki, 2018. "Stabilize the peasant economy: Governance of foreclosure by the shogunate," Journal of Policy Modeling, Elsevier, vol. 40(2), pages 305-327.
    3. Bassino, Jean-Pascal & Broadberry, Stephen & Fukao, Kyoji & Gupta, Bishnupriya & Takashima, Masanori, 2017. "Japan and the Great Divergence, 730-1874," CAGE Online Working Paper Series 325, Competitive Advantage in the Global Economy (CAGE).

    More about this item

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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