| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7386 |
| DP7386 Sweet Diversity: Colonial Goods and the Rise of European Living Standards after 1492 | |
| Hans-Joachim Voth; Jonathan Hersh | |
| 发表日期 | 2009-07-26 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | Did living standards stagnate before the Industrial Revolution? Traditional real-wage indices typically show broadly constant living standards before 1800. In this paper, we show that living standards rose substantially, but surreptitiously because of the growing availability of new goods. Colonial luxuries such as tea, coffee, and sugar transformed European diets after the discovery of America and the rounding of the Cape of Good Hope. These goods became household items in many countries by the end of the 18th century. We use the Greenwood-Kopecky (2009) method to calculate welfare gains based on data about price changes and the rate of adoption of new colonial goods. Our results suggest that by 1850, the average Englishman would have been willing to forego 15% or more of his income in order to maintain access to sugar and tea alone. These findings are robust to a wide range of alternative assumptions, data series, and valuation methods. |
| 主题 | International Macroeconomics |
| 关键词 | Age of discoveries First divergence New goods Standard of living indicators Unified growth |
| URL | https://cepr.org/publications/dp7386 |
| 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/536223 |
| 推荐引用方式 GB/T 7714 | Hans-Joachim Voth,Jonathan Hersh. DP7386 Sweet Diversity: Colonial Goods and the Rise of European Living Standards after 1492. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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