Understanding productivity growth in the industrial revolution

Crafts, Nicholas (2021) Understanding productivity growth in the industrial revolution. Economic History Review. ISSN 0013-0117

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Abstract

Recent 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.

Item Type: Article
Schools and Departments: University of Sussex Business School > Economics
SWORD Depositor: Mx Elements Account
Depositing User: Mx Elements Account
Date Deposited: 08 Dec 2020 09:31
Last Modified: 11 Feb 2021 13:30
URI: http://sro.sussex.ac.uk/id/eprint/95559

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