(v2) Understanding Productivity Growth in the Industrial Revolution.pdf (580.55 kB)
Understanding productivity growth in the industrial revolution
journal contribution
posted on 2023-06-09, 22:22 authored by Nicholas CraftsRecent research relating to productivity growth during the British industrial revolution is reviewed. This confirms that there was a gradual acceleration rather than a ‘take-off’. The explanation for the speeding-up of technological progress remains controversial but the evidence base has improved considerably. In the face of a surge in population growth, slow growth of real wages during the industrial revolution may be seen as a good outcome which was underpinned by improved growth potential. Slow total factor productivity growth from the 1870s suggests that British technological capabilities at the end of the industrial revolution were still quite limited.
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- Published
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- Accepted version
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Economic History ReviewISSN
0013-0117Publisher
WileyExternal DOI
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- Economics Publications
Full text available
- Yes
Peer reviewed?
- Yes
Legacy Posted Date
2020-12-08First Open Access (FOA) Date
2023-01-28First Compliant Deposit (FCD) Date
2020-12-08Usage metrics
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