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Factor prices and productivity growth during the British Industrial Revolution

Author Info

Listed author(s):
  • Pol Antràs
  • Hans Joachim Voth

Abstract

This paper presents new estimates of total factor productivity growth in Britain for the period 1770–1860. We use the dual technique and argue that the estimates we derive from factor prices are of similar quality to quantity-based calculations. Our results provide further evidence, calculated on the basis of an independent set of sources, that productivity growth during the British Industrial Revolution was relatively slow. The Crafts–Harley view of the Industrial Revolution is thus reinforced. Our preferred estimates suggest a modest acceleration after 1800.

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File URL: https://econ-papers.upf.edu/papers/495.pdf
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Paper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number 495.

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Date of creation: Oct 2000
Handle: RePEc:upf:upfgen:495
Contact details of provider: Web page: http://www.econ.upf.edu/

Keywords: British industrial revolution; productivity growth; dual measurement of productivity;

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Find related papers by 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
  • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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