Growth or stagnation in pre-industrial Britain? A revealed income growth approach
Research output: Working paper
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Growth or stagnation in pre-industrial Britain? A revealed income growth approach. / Groth, Christian; Persson, Karl Gunnar.
2016. p. 1-43.Research output: Working paper
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TY - UNPB
T1 - Growth or stagnation in pre-industrial Britain? A revealed income growth approach
AU - Groth, Christian
AU - Persson, Karl Gunnar
PY - 2016/1/28
Y1 - 2016/1/28
N2 - The extent of growth in pre-industrial Europe in general and in Britain in particular has attracted intense scholarly focus. Growth or Malthusian stagnation? No consensus has evolved. Reconstructions of national income from 1300 and up to the Industrial Revolution come to opposing conclusions and so do econometric studies. Applying Engels’ law, we suggest a new approach in which income growth is revealed by changes in occupational structure. Data needed for this approach are less contested than the wage and output series used in the existing literature. We find that pre-industrial Britain exhibited secular rise in the standard of living.
AB - The extent of growth in pre-industrial Europe in general and in Britain in particular has attracted intense scholarly focus. Growth or Malthusian stagnation? No consensus has evolved. Reconstructions of national income from 1300 and up to the Industrial Revolution come to opposing conclusions and so do econometric studies. Applying Engels’ law, we suggest a new approach in which income growth is revealed by changes in occupational structure. Data needed for this approach are less contested than the wage and output series used in the existing literature. We find that pre-industrial Britain exhibited secular rise in the standard of living.
KW - Faculty of Social Sciences
KW - Malthusian stagnation
KW - Engel’s law
KW - Revealed income growth
KW - Pre-industrial productivity growth
KW - Structural change
KW - E24
KW - N13
KW - O11
KW - O41
KW - O47
M3 - Working paper
T3 - University of Warwick Working Paper Series
SP - 1
EP - 43
BT - Growth or stagnation in pre-industrial Britain? A revealed income growth approach
ER -
ID: 154224717