IDEAS home Printed from https://ideas.repec.org/p/ehl/wpaper/22554.html

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

Author

Listed:
  • Crafts, Nicholas

Abstract

No abstract is available for this item.

Suggested Citation

  • 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
    as

    Download full text from publisher

    File URL: https://researchonline.lse.ac.uk/id/eprint/22554/
    File Function: Open access version.
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Tamim Bayoumi & Markus Haacker, 2002. "Its Not What You Make, Its How You Use IT: Measuring the Welfare Benefits of the IT Revolution Across Countries," CEP Discussion Papers dp0548, Centre for Economic Performance, LSE.
    2. Jerry A. Hausman, 1997. "Valuing the Effect of Regulation on New Services in Telecommunications," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(1997 Micr), pages 1-54.
    3. Metzer, Jacob, 1973. "Some Economic Aspects of Railroad Development in Tsarist Russia," The Journal of Economic History, Cambridge University Press, vol. 33(1), pages 314-316, March.
    4. Fogel, Robert William, 1979. "Notes on the Social Saving Controversy," The Journal of Economic History, Cambridge University Press, vol. 39(1), pages 1-54, March.
    5. 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.
    6. 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.
    7. 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.
    8. 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.
    9. Foreman-Peck,James (ed.), 1991. "New Perspectives on the Late Victorian Economy," Cambridge Books, Cambridge University Press, number 9780521391078, January.
    10. Stephen D. Oliner & Daniel E. Sichel, 2000. "The resurgence of growth in the late 1990s: is information technology the story?," Proceedings, Federal Reserve Bank of San Francisco.
    11. 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.
    12. 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.
    13. 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.
    14. Paul David & Gavin Wright, 1999. "Early Twentieth Century Productivity Growth Dynamics: An Inquiry into the Economic History of Our Ignorance," Oxford Economic and Social History Working Papers _033, University of Oxford, Department of Economics.
    15. Charles R. Hulten, 1978. "Growth Accounting with Intermediate Inputs," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 45(3), pages 511-518.
    16. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Isaías N. Chaves & Stanley L. Engerman & James A. Robinson, 2013. "Reinventing the Wheel: The Economic Benefits of Wheeled Transportation in Early British Colonial West Africa," NBER Working Papers 19673, National Bureau of Economic Research, Inc.
    2. 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.
    3. 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.
    4. 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.
    5. Richard Hornbeck & Martin Rotemberg, 2019. "Railroads, Reallocation, and the Rise of American Manufacturing," 2019 Meeting Papers 396, Society for Economic Dynamics.
    6. 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 Business School.
    7. Tim Leunig, 2011. "Cart or Horse: Transport and Economic Growth," International Transport Forum Discussion Papers 2011/4, OECD Publishing.
    8. Leunig, Tim & Voth, Joachim, 2011. "Spinning welfare: the gains from process innovation in cotton and car production," Economic History Working Papers 121731, London School of Economics and Political Science, Department of Economic History.
    9. Brainerd, Elizabeth & Menon, Nidhiya, 2014. "Seasonal effects of water quality: The hidden costs of the Green Revolution to infant and child health in India," Journal of Development Economics, Elsevier, vol. 107(C), pages 49-64.
    10. repec:csg:ajrcwp:02 is not listed on IDEAS
    11. John Tang, 2013. "Railroad expansion and entrepreneurship: evidence from Meiji Japan," CEH Discussion Papers 011, Centre for Economic History, Research School of Economics, Australian National University.
    12. Catherine L. Mann, 2012. "Information Technology Intensity, Diffusion, and Job Creation," Working Papers 46, Brandeis University, Department of Economics and International Business School.
    13. Tim Leunig, 2010. "Social Savings," Journal of Economic Surveys, Wiley Blackwell, vol. 24(5), pages 775-800, December.
    14. Treb Allen & Costas Arkolakis, 2022. "The Welfare Effects of Transportation Infrastructure Improvements," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(6), pages 2911-2957.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Crafts, Nicholas, 2004. "Social savings as a measure of the contribution of a new technology to economic growth," LSE Research Online Documents on Economics 22554, London School of Economics and Political Science, LSE Library.
    2. Crafts, Nicholas, 2003. "Quantifying the contribution of technological change to economic growth in different eras: a review of the evidence," Economic History Working Papers 22350, London School of Economics and Political Science, Department of Economic History.
    3. Nicholas Crafts, 2004. "Steam as a general purpose technology: A growth accounting perspective," Economic Journal, Royal Economic Society, vol. 114(495), pages 338-351, April.
    4. 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.
    5. Broekel, Tom & Klarl, Torben, 2025. "The long-term evolution of technological complexity and its relationship with economic growth," Technovation, Elsevier, vol. 144(C).
    6. Llopis, Maria Teresa Sanchis, 2016. "Did electricity drive Spain’s “most progressive decade”?," CAGE Online Working Paper Series 309, Competitive Advantage in the Global Economy (CAGE).
    7. Harald Edquist & Magnus Henrekson, 2006. "Technological Breakthroughs and Productivity Growth," Research in Economic History, in: Research in Economic History, pages 1-53, Emerald Group Publishing Limited.
    8. Nicholas Crafts, 2004. "Steam as a general purpose technology: A growth accounting perspective," Economic Journal, Royal Economic Society, vol. 114(495), pages 338-351, April.
    9. Francesco Venturini, 2009. "The long-run impact of ICT," Empirical Economics, Springer, vol. 37(3), pages 497-515, December.
    10. Corrado Carol & Lengermann Paul & Beaulieu J. Joseph & Bartelsman Eric J., 2007. "Sectoral Productivity in the United States: Recent Developments and the Role of IT," German Economic Review, De Gruyter, vol. 8(2), pages 188-210, May.
    11. Brian Mitchell & David Chambers & Nick Crafts, 2011. "How good was the profitability of British railways, 1870–1912?," Economic History Review, Economic History Society, vol. 64(3), pages 798-831, August.
    12. John G. Fernald, 2015. "Productivity and Potential Output before, during, and after the Great Recession," NBER Macroeconomics Annual, University of Chicago Press, vol. 29(1), pages 1-51.
    13. Stephen D. Oliner & Daniel E. Sichel, 2005. "Les technologies de l’information et la productivité : situation actuelle et perspectives d’avenir," L'Actualité Economique, Société Canadienne de Science Economique, vol. 81(1), pages 339-400.
    14. Oliner, Stephen D. & Sichel, Daniel E., 2003. "Information technology and productivity: where are we now and where are we going?," Journal of Policy Modeling, Elsevier, vol. 25(5), pages 477-503, July.
    15. Mehrdad Esfahani & John G. Fernald & Bart Hobijn, 2024. "World Productivity: 1996–2014," American Economic Journal: Macroeconomics, American Economic Association, vol. 16(3), pages 160-189, July.
    16. Crafts, Nicholas & O’Rourke, Kevin Hjortshøj, 2014. "Twentieth Century Growth*This research has received funding from the European Research Council under the European Union’s Seventh Framework Programme (FP7/2007-2013) / ERC grant agreement no. 249546.," Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 2, chapter 6, pages 263-346, Elsevier.
    17. Hulten, Charles R., 2010. "Growth Accounting," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 2, chapter 0, pages 987-1031, Elsevier.
    18. Oulton, Nicholas, 2004. "A statistical framework for the analysis of productivity and sustainable development," LSE Research Online Documents on Economics 19963, London School of Economics and Political Science, LSE Library.
    19. Crafts, Nicholas, 2010. "The contribution of new technology to economic growth: lessons from economic history," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 28(3), pages 409-440, December.
    20. Carolina Castaldi & Alessandro Nuvolari, 2004. "Technological Revolutions and Economic Growth: The “Age of Steam” Reconsidered," LEM Papers Series 2004/11, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ehl:wpaper:22554. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: LSERO Manager on behalf of EH Dept. (email available below). General contact details of provider: https://edirc.repec.org/data/chlseuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.