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SUMMARY:British Economic Growth\, 1300-1850 - Steve Broadberry\, Universit
 y of Warwick
DTSTART:20100426T114500Z
DTEND:20100426T130000Z
UID:TALK21748@talks.cam.ac.uk
CONTACT:Dr Natalia Mora-Sitja
DESCRIPTION:We provide annual estimates of GDP for England between 1300 an
 d 1700 and for Great Britain between 1700 and 1850\, constructed from the 
 output side. The GDP data are combined with population estimates to calcul
 ate GDP per capita. Estimates of nominal GDP are also provided by combinin
 g the volume series with price indices. Previous studies\, based on the an
 alysis of daily real wages\, have found no trend growth before the late ei
 ghteenth century. In contrast\, we find English per capita income growth o
 f 0.13 per cent per annum between 1300 and 1700\, with the strongest growt
 h after the Black Death and in the second half of the seventeenth century.
  For the period 1700-1850\, we find British per capita income growth of 0.
 25 per cent\, broadly in line with the widely accepted Crafts/Harley estim
 ates. The modest trend growth in per capita income before the Industrial R
 evolution can be reconciled with the stability of daily real wages because
  of an "industrious revolution"\, increasing the days worked per year.
LOCATION:Room 101\, Sir William Hardy Building\, Geography
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