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Economic Growth in England, 1250-1850: Some New Estimates Using a Demand Side Approach

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  • Alessandro Nuvolari
  • Mattia Ricci

Abstract

Using the demand side approach we construct a new set of estimates of per capita agricultural output and per capita GDP for England over the period 1250-1850. Our estimates of per capita GDP suggest that the pattern of long run growth of the English economy can be interpreted with a periodization in three historical stages. The first stage, covering the period 1250-1580, is a Malthusian phase with no positive growth. The second stage, comprising the period 1580-1780, is an intermediate phase where the English economy is able to relax some of the Malthusian constraints, attaining a positive growth rate (although our estimate of the growth rate for this period is lower than that proposed by Maddison and more recently by Broadberry, Campbell, Klein, Overton and van Leeuwen). The third stage covering the post 1780 period is represented by the industrial revolution and by the definitive consolidation of a development pattern characterized by a steady positive growth rate.

Suggested Citation

  • Alessandro Nuvolari & Mattia Ricci, 2011. "Economic Growth in England, 1250-1850: Some New Estimates Using a Demand Side Approach," LEM Papers Series 2011/22, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  • Handle: RePEc:ssa:lemwps:2011/22
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    1. Maddison, Angus, 2007. "Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History," OUP Catalogue, Oxford University Press, number 9780199227204.
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    Cited by:

    1. Cormac Ó Gráda, 2016. "Did Science Cause the Industrial Revolution?," Journal of Economic Literature, American Economic Association, vol. 54(1), pages 224-239, March.
    2. Humphries, Jane & Weisdorf, Jacob, 2017. "Unreal Wages? Real Income and Economic Growth in England, 1260-1850," CEPR Discussion Papers 11999, C.E.P.R. Discussion Papers.
    3. Claude Diebolt & Faustine Perrin, 2014. "The Foundations of Female Empowerment Revisited," Revue d'économie politique, Dalloz, vol. 124(4), pages 587-597.

    More about this item

    Keywords

    GDP; Economic growth; England;

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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