Sooner than you think: the pre-1914 UK productivity slowdown was Victorian not Edwardian

Crafts, Nicholas and Mills, Terence C (2020) Sooner than you think: the pre-1914 UK productivity slowdown was Victorian not Edwardian. European Review of Economic History, 24 (4). pp. 736-748. ISSN 1361-4916

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Abstract

This 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.

Item Type: Article
Schools and Departments: University of Sussex Business School > Economics
Depositing User: Nicholas Crafts
Date Deposited: 07 Jan 2020 08:11
Last Modified: 20 Mar 2022 02:00
URI: http://sro.sussex.ac.uk/id/eprint/89183

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