| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11427 |
| DP11427 Six Centuries of British Economic Growth: a Time-Series Perspective | |
| Nicholas Crafts; Terence Mills | |
| 发表日期 | 2016-08-03 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | This paper provides a time-series analysis of recent annual estimates of real GDP and industrial output covering 1270 to 1913. We show that growth can be regarded as a segmented trend stationary process. On this basis, we find that trend growth of real GDP per person was zero prior to the 1660s but then experienced two significant accelerations, pre- and post-industrial revolution. We also find that the hallmark of the industrial revolution is a substantial increase in the trend rate of growth of industrial output rather than being an episode of difference stationary growth. |
| 主题 | Economic History |
| 关键词 | Growth reversal Industrial revolution Malthusian model Trend growth |
| URL | https://cepr.org/publications/dp11427 |
| 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/540241 |
| 推荐引用方式 GB/T 7714 | Nicholas Crafts,Terence Mills. DP11427 Six Centuries of British Economic Growth: a Time-Series Perspective. 2016. |
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