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This paper reconstructs GDP from the output side for medieval and early modern Britain. In contrast to the long run stagnation of living standards suggested by daily real wage rates, output-based GDP per capita exhibits modest but positive trend growth. One way of reconciling the two series is...
Persistent link: https://www.econbiz.de/10010539701
We provide annual estimates of GDP for England between 1270 and 1700 and for Great Britain between 1700 and 1870, constructed from the output side. The GDP data are combined with population estimates to calculate GDP per capita. We find English per capita income growth of 0.20 per cent per annum...
Persistent link: https://www.econbiz.de/10010758432
Persistent link: https://www.econbiz.de/10010714607
Czechoslovak industrial labour productivity fluctuated around two-thirds of the UK level under the private sector regime between the wars. Under the central planning regime of the postwar period, Czechoslovakia's comparative productivity position initially improved to around three-quarters of...
Persistent link: https://www.econbiz.de/10008865608
This paper provides the first annual GDP series for Great Britain over the period 1700-1870. The series is constructed in real terms from the output side, using volume indicators and value added weights. Sectoral estimates are provided for agriculture, industry and services, and for a number of...
Persistent link: https://www.econbiz.de/10010758484
This paper provides the first annual GDP series for Great Britain over the period 1700-1870. The series is constructed in real terms from the output side, using volume indicators and value added weights. Sectoral estimates are provided for agriculture, industry and services, and for a number of...
Persistent link: https://www.econbiz.de/10010862673
Britain's labour force industrialised early. The industrial and service sectors already accounted for 40% of the labour force in 1381, and a substantial further shift of labour out of agriculture occurred between 1522 and 1700. From the early seventeenth century rising agricultural labour...
Persistent link: https://www.econbiz.de/10010603170
Most analysts of the modern Latin American economy have held the pessimistic belief in historical persistence -- they believe that Latin America has always had very high levels of inequality, and that it’s the Iberian colonists’ fault. Thus, modern analysts see today a more unequal Latin...
Persistent link: https://www.econbiz.de/10011159906
This paper documents industrial output growth around the poor periphery (Latin America, the European periphery, the Middle East and North Africa, Asia, and sub-Saharan Africa) between 1870 and 2007. We find that although the roots of rapid peripheral industrialization stretch into the late 19th...
Persistent link: https://www.econbiz.de/10011163839
New data now allow conjectures on the levels of real and nominal incomes in the thirteen American colonies. New England was the poorest region, and the South was the richest. Colonial per capita incomes rose only very slowly, and slowly for five reasons: productivity growth was slow; population...
Persistent link: https://www.econbiz.de/10010796626