British Economic Growth, 1270-1870: an output-based approach

Stephen Broadberry, Bruce Campbell, Alexander Klein, Mark Overton, Bas van Leeuwen

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Samenvatting

This paper reconstructs GDP from the output side for medieval and early
modern Britain. In contrast to the long run stagnation of living standards suggested by daily real wage rates, output- based GDP per capita exhibits
modest but positive trend growth. One way of reconciling the two series is through variation in the annual number of days worked, but there are also reasons to doubt the representativeness of the sharp rise and fall of
daily real wage rates in the late middle ages, which creates the impression of no trend improvement of living standards.
Originele taal-2Engels
Aantal pagina's46
StatusGepubliceerd - 2011

Publicatie series

NaamUniversity of Kent School of Economics Discussion Papers
Nr.KDPE 1203

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