British Economic Growth, 1270-1870: an output-based approach
This paper reconstructs GDP from the output side for medieval and early modern Britain. In contrast to the long run stagnation of living standards suggested by daily real wage rates, output-based GDP per capita exhibits modest but positive trend growth. One way of reconciling the two series is through variation in the annual number of days worked, but there are also reasons to doubt the representativeness of the sharp rise and fall of daily real wage rates in the late middle ages, which creates the impression of no trend improvement of living standards.
|Date of creation:||Jan 2012|
|Date of revision:|
|Contact details of provider:|| Postal: School of Economics, University of Kent, Canterbury, Kent, CT2 7NP|
Phone: +44 (0)1227 827497
Web page: http://www.kent.ac.uk/economics/
|Order Information:|| Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Prados de la Escosura, Leandro & Álvarez Nogal, Carlos, 2011.
"The rise and fall of Spain (1270-1850),"
IFCS - Working Papers in Economic History.WH
wp11-02, Universidad Carlos III de Madrid. Instituto Figuerola.
- R. C. Allen & J. L. Weisdorf, 2011.
"Was there an ‘industrious revolution’ before the industrial revolution? An empirical exercise for England, c. 1300–1830,"
Economic History Review,
Economic History Society, vol. 64(3), pages 715-729, 08.
- Robert C. Allen & Jacob Louis Weisdorf, 2010. "Was there an ‘Industrious Revolution’ before the Industrial Revolution? An Empirical Exercise for England, c. 1300-1830," Discussion Papers 10-14, University of Copenhagen. Department of Economics.
- N. F. R. Crafts & C. K. Harley, 1992. "Output growth and the British industrial revolution: a restatement of the Crafts-Harley view," Economic History Review, Economic History Society, vol. 45(4), pages 703-730, November.
- Voth, Hans-Joachim, 2001. "The Longest Years: New Estimates Of Labor Input In England, 1760 1830," The Journal of Economic History, Cambridge University Press, vol. 61(04), pages 1065-1082, December.
- Bassino, Jean-Pascal & Broadberry, Stephen & Fukao, Kyoji & Gupta, Bishnupriya & Takashima, Masanori, 2015.
"Japan and the Great Divergence, 725-1874,"
CAGE Online Working Paper Series
230, Competitive Advantage in the Global Economy (CAGE).
- Harley, C. Knick, 1988.
"Ocean Freight Rates and Productivity, 1740–1913: The Primacy of Mechanical Invention Reaffirmed,"
The Journal of Economic History,
Cambridge University Press, vol. 48(04), pages 851-876, December.
- Harley, C.K., 1988. "Ocean Freight Rates And Productivity, 1740-1913: The Primacy Of Mechanical Invention Reaffirmed," UWO Department of Economics Working Papers 8802, University of Western Ontario, Department of Economics.
- Harley, C. Knick, 1982. "British Industrialization Before 1841: Evidence of Slower Growth During the Industrial Revolution," The Journal of Economic History, Cambridge University Press, vol. 42(02), pages 267-289, June.
- Feinstein, Charles H. & Pollard, Sidney (ed.), 1988. "Studies in Capital Formation in the United Kingdom 1750-1920," OUP Catalogue, Oxford University Press, number 9780198284086, December.
- Hans-Joachim Voth, 1997.
"Time and Work in Eighteenth-Century London,"
Economics Series Working Papers
1997-W21, University of Oxford, Department of Economics.
- Hans-Joachim Voth, 1997. "Time and Work in Eighteenth-Century London," Oxford University Economic and Social History Series _021, Economics Group, Nuffield College, University of Oxford.
- Jonathan Hersh & Joachim Voth, 2009.
"Sweet diversity: Colonial goods and the rise of European living standards after 1492,"
Economics Working Papers
1163, Department of Economics and Business, Universitat Pompeu Fabra, revised Jan 2011.
- Hersh, Jonathan & Voth, Hans-Joachim, 2009. "Sweet Diversity: Colonial Goods and the Rise of European Living Standards after 1492," CEPR Discussion Papers 7386, C.E.P.R. Discussion Papers.
- Luis Angeles, 2007.
"GDP per capita or Real Wages? Making sense of coflicting views on pre-industrial Europe,"
2007_11, Business School - Economics, University of Glasgow.
- Angeles, Luis, 2008. "GDP per capita or real wages? Making sense of conflicting views on pre-industrial Europe," Explorations in Economic History, Elsevier, vol. 45(2), pages 147-163, April.
- Broadberry, Stephen & Campbell, Bruce M.S. & van Leeuwen, Bas, 2013. "When did Britain industrialise? The sectoral distribution of the labour force and labour productivity in Britain, 1381–1851," Explorations in Economic History, Elsevier, vol. 50(1), pages 16-27.
- Maddison, Angus, 2007. "Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History," OUP Catalogue, Oxford University Press, number 9780199227204, December.
- Bogart, Dan, 2005. "Turnpike trusts and the transportation revolution in 18th century England," Explorations in Economic History, Elsevier, vol. 42(4), pages 479-508, October.
- Gregory Clark, 2009. "The Macroeconomic Aggregates for England, 1209-2008," Working Papers 919, University of California, Davis, Department of Economics.
When requesting a correction, please mention this item's handle: RePEc:ukc:ukcedp:1203. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tracey Girling)
If references are entirely missing, you can add them using this form.