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来源类型Working Paper
规范类型报告
DOI10.3386/w14077
来源IDWorking Paper 14077
Made in America? The New World, the Old, and the Industrial Revolution
Gregory Clark; Kevin H. O'; Rourke; Alan M. Taylor
发表日期2008-06-10
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 Economics ; Trade ; International Macroeconomics ; History ; Macroeconomic History ; Other History ; Development and Growth ; Growth and Productivity
URLhttps://www.nber.org/papers/w14077
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/571751
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GB/T 7714
Gregory Clark,Kevin H. O',Rourke,et al. Made in America? The New World, the Old, and the Industrial Revolution. 2008.
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