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The Sources of British Economic Growth since the Industrial Revolution Rev (3).pdf (789.84 kB)

The sources of British economic growth since the industrial revolution: not the same old story

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journal contribution
posted on 2023-06-09, 20:05 authored by Nicholas Crafts
This paper updates the classic growth accounting research of the early 1980s taking account of improved data that has subsequently become available. The picture of long-run growth which results from incorporating many revisions is considerably different. The long-run path of productivity growth is now that of a roller-coaster with twin peaks in the third quarters of the 19th and 20th centuries rather than a U-shape. Productivity growth appears to have been very slow to accelerate in the Industrial Revolution, the notion of an Edwardian climacteric is not persuasive and the current productivity slowdown stands out as unprecedented.

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Publication status

  • Published

File Version

  • Accepted version

Journal

Journal of Economic Surveys

ISSN

0950-0804

Publisher

Wiley

Department affiliated with

  • Economics Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2020-01-06

First Open Access (FOA) Date

2021-12-16

First Compliant Deposit (FCD) Date

2020-01-07

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