The Pre-1914 Slowdown (004).pdf (1.02 MB)
Sooner than you think: the pre-1914 UK productivity slowdown was Victorian not Edwardian
journal contribution
posted on 2023-06-09, 20:05 authored by Nicholas Crafts, Terence C MillsThis paper re-examines UK productivity growth in the decades before World War I using a new dataset compiled by Thomas and Dimsdale (2017). We find that the productivity slowdown of the early 20th century was quite modest and does not deserve to be called a climacteric. A more serious slowdown in labour productivity growth occurred in the 1870s. Neither of these episodes should be regarded as a precedent for the current severe deterioration in UK productivity performance. Nor should a late-Victorian productivity slowdown be attributed to the end of the steam age despite the popularity of this belief.
History
Publication status
- Published
File Version
- Accepted version
Journal
European Review of Economic HistoryISSN
1361-4916Publisher
Oxford University PressExternal DOI
Issue
4Volume
24Page range
736-748Department affiliated with
- Economics Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2020-01-07First Open Access (FOA) Date
2022-03-20First Compliant Deposit (FCD) Date
2020-01-07Usage metrics
Categories
No categories selectedKeywords
Licence
Exports
RefWorks
BibTeX
Ref. manager
Endnote
DataCite
NLM
DC