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Social savings as a measure of the contribution of a new technology to economic growth


  • Crafts, Nicholas


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  • Crafts, Nicholas, 2004. "Social savings as a measure of the contribution of a new technology to economic growth," Economic History Working Papers 22554, London School of Economics and Political Science, Department of Economic History.
  • Handle: RePEc:ehl:wpaper:22554

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    References listed on IDEAS

    1. Paul A. David & Gavin Wright, 1999. "Early Twentieth Century Productivity Growth Dynamics: An Inquiry into the Economic History of "Our Ignorance"," Oxford University Economic and Social History Series _033, Economics Group, Nuffield College, University of Oxford.
    2. Stephen D. Oliner & Daniel E. Sichel, 2000. "The Resurgence of Growth in the Late 1990s: Is Information Technology the Story?," Journal of Economic Perspectives, American Economic Association, vol. 14(4), pages 3-22, Fall.
    3. Bayoumi, Tamim & Haacker, Maarkus, 2002. "It's not what you make, it's how you use IT: measuring the welfare benefits of the IT revolution across countries," LSE Research Online Documents on Economics 20066, London School of Economics and Political Science, LSE Library.
    4. C. Knick Harley, 1999. "Cotton textile prices revisited: a response to Cuenca Esteban," Economic History Review, Economic History Society, vol. 52(4), pages 756-765, November.
    5. Charles R. Hulten, 1978. "Growth Accounting with Intermediate Inputs," Review of Economic Studies, Oxford University Press, vol. 45(3), pages 511-518.
    6. Metzer, Jacob, 1973. "Some Economic Aspects of Railroad Development in Tsarist Russia," The Journal of Economic History, Cambridge University Press, vol. 33(01), pages 314-316, March.
    7. Fogel, Robert William, 1979. "Notes on the Social Saving Controversy," The Journal of Economic History, Cambridge University Press, vol. 39(01), pages 1-54, March.
    8. Metzer, Jacob, 1984. "Railroads and the Efficiency of Internal Markets: Some Conceptual and Practical Considerations," Economic Development and Cultural Change, University of Chicago Press, vol. 33(1), pages 61-70, October.
    9. Peter D. McClelland, 1972. "Social Rates of Return on American Railroads in the Nineteenth Century," Economic History Review, Economic History Society, vol. 25(3), pages 471-488, August.
    10. Bresnahan, Timothy F, 1986. "Measuring the Spillovers from Technical Advance: Mainframe Computers inFinancial Services," American Economic Review, American Economic Association, vol. 76(4), pages 742-755, September.
    11. Nicholas Crafts, 2003. "Is Economic Growth Good For Us?," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 4(3), pages 35-49, July.
    12. Herranz-Lonc N, Alfonso, 2004. "Infrastructure and Economic Growth in Spain, 1845 1935," The Journal of Economic History, Cambridge University Press, vol. 64(02), pages 540-545, June.
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    Cited by:

    1. Robert W. Fogel, 2008. "The Impact of the Asian Miracle on the Theory of Economic Growth," NBER Chapters,in: Understanding Long-Run Economic Growth: Geography, Institutions, and the Knowledge Economy, pages 311-354 National Bureau of Economic Research, Inc.
    2. Jalava, Jukka & Pohjola, Matti, 2008. "The roles of electricity and ICT in economic growth: Case Finland," Explorations in Economic History, Elsevier, vol. 45(3), pages 270-287, July.
    3. Tim Leunig & Joachim Voth, 2011. "Spinning Welfare: the Gains from Process Innovation in Cotton and Car Production," CEP Discussion Papers dp1050, Centre for Economic Performance, LSE.
    4. Catherine Mann, 2011. "Information Technology, Globalization, and Growth: Role for Scale Economies, Terms of Trade, and Variety," Working Papers 27, Brandeis University, Department of Economics and International Businesss School.

    More about this item

    JEL classification:

    • N0 - Economic History - - General
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe


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