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Factor prices and productivity growth during the British Industrial Revolution
Antràs, Pol; Voth, Hans Joachim
Universitat Pompeu Fabra. Departament d'Economia i Empresa
This paper presents new estimates of total factor productivity growth in Britain for the period1770 1860. We use the dual technique and argue that the estimates we derive from factorprices are of similar quality to quantity-based calculations. Our results provide further evidence,calculated on the basis of an independent set of sources, that productivity growth duringthe British Industrial Revolution was relatively slow. The Crafts Harley view of theIndustrial Revolution is thus reinforced. Our preferred estimates suggest a modest accelerationafter 1800.
Economic and Business History
british industrial revolution
productivity growth
dual measurement of productivity
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