The paper builds on a method proposed by Geary and Stark (2002) for estimating regional incomes in Victorian Britain. This is modified by using tax data to allocate non-wage income across regions. The results suggest that the coefficient of variation of regional GDP per head was rising rapidly...

This paper explores the location of industry in pre-World-War-I Britain using a model that takes account both of factor endowment and also of new economic geography influences. Broadly speaking, the pattern of industrial location in this period was quite persistent and regional specialization...

In the vast body of development theoretical knowledge one element has been of a considerable longevity: the abstraction of a Gross Domestic Product to represent a given economic entity. This paper suggests approaching the history of development thinking by travelling with the GDP through this...

This article provides an historical overview on the development of Chinese money and monetary regimes between about 1800 and 1950. It develops a simple conceptual framework based on the relative costs of assessing the inherent value of the currencies of different denomination. Based on this...

The prominent role of monetary policy in the U.S. interwar depression has been conventional wisdom since Friedman and Schwartz (1963). This paper presents evidence on both the surprise and the systematic components of monetary policy between 1929 and 1933. Doubts surrounding GDP estimates for...

We find little support for the Schumpeterian hypothesis of a positive relationship between market power and innovation in 1950’s Britain even though many economists and policymakers accepted it at the time. Pricefixing agreements were very widespread prior to the 1956 Restrictive Practices Act...

This paper analyses the transformation of two of the staple trades of the pre-modern international economy –those in wool and dried codfish– during the transition from the late medieval to the early-modern period. The development of early modern long-distance trade was subject to three major...

This paper examines patterns of structural change and labour productivity growth in the late nineteenth-century Habsburg Empire. Using shift-share analysis and a set of basic measures to account for the contribution of physical and human capital growth, it seeks to address three questions:...