| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6863 |
| DP6863 European Economic Growth, 1950-2005: An Overview | |
| Nicholas Crafts; Gianni Toniolo | |
| 发表日期 | 2008-06-20 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | For two decades, the consensus explanation of the British Industrial Revolution has placed technological change and the supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it provided. We test both hypotheses using calibrated general equilibrium models of the British economy and the rest of the world for 1760 and 1850. Neither claim is supported. Trade was vital for the progress of the industrial revolution; but it was trade with the rest of the world, not the American colonies, that allowed Britain to export its rapidly expanding textile output and achieve growth through extreme specialization in response to shifting comparative advantage. |
| 主题 | International Trade and Regional Economics |
| 关键词 | British industrial revolution Colonies Great divergence Growth Specialisation Trade |
| URL | https://cepr.org/publications/dp6863 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/535698 |
| 推荐引用方式 GB/T 7714 | Nicholas Crafts,Gianni Toniolo. DP6863 European Economic Growth, 1950-2005: An Overview. 2008. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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