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Economic Growth in England, 1250-1850: Some New Estimates Using a Demand Side Approach

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  • Alessandro Nuvolari
  • Mattia Ricci

Abstract

Using the demand side approach we construct a new set of estimates of per capita agricultural output and per capita GDP for England over the period 1250-1850. Our estimates of per capita GDP suggest that the pattern of long run growth of the English economy can be interpreted with a periodization in three historical stages. The first stage, covering the period 1250-1580, is a Malthusian phase with no positive growth. The second stage, comprising the period 1580-1780, is an intermediate phase where the English economy is able to relax some of the Malthusian constraints, attaining a positive growth rate (although our estimate of the growth rate for this period is lower than that proposed by Maddison and more recently by Broadberry, Campbell, Klein, Overton and van Leeuwen). The third stage covering the post 1780 period is represented by the industrial revolution and by the definitive consolidation of a development pattern characterized by a steady positive growth rate.

Suggested Citation

  • Alessandro Nuvolari & Mattia Ricci, 2011. "Economic Growth in England, 1250-1850: Some New Estimates Using a Demand Side Approach," LEM Papers Series 2011/22, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    • Handle: RePEc:ssa:lemwps:2011/22
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    File URL: http://www.lem.sssup.it/WPLem/files/2011-22.pdf
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    References listed on IDEAS

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    1. Maddison, Angus, 2007. "Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History," OUP Catalogue, Oxford University Press, number 9780199227204.
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    Cited by:

    1. Stephen Broadberry & Bruce M. S. Campbell & Alexander Klein & Mark Overton & Bas van Leeuwen, 2018. "Clark's Malthus delusion: response to ‘Farming in England 1200–1800’," Economic History Review, Economic History Society, vol. 71(2), pages 639-664, May.
    2. Paolo Malanima, 2018. "Italy in the Renaissance: a leading economy in the European context, 1350–1550," Economic History Review, Economic History Society, vol. 71(1), pages 3-30, February.
    3. Cormac Ó Gráda, 2016. "Did Science Cause the Industrial Revolution?," Journal of Economic Literature, American Economic Association, vol. 54(1), pages 224-239, March.
    4. Jane Humphries & Jacob Weisdorf, 2019. "Unreal Wages? Real Income and Economic Growth in England, 1260–1850," The Economic Journal, Royal Economic Society, vol. 129(623), pages 2867-2887.
    5. Claude Diebolt & Faustine Perrin, 2014. "The Foundations of Female Empowerment Revisited," Revue d'économie politique, Dalloz, vol. 124(4), pages 587-597.
    6. Ulrich Pfister & Michael Kopsidis, 2015. "Institutions versus demand: determinants of agricultural development in Saxony, 1660–1850," European Review of Economic History, European Historical Economics Society, vol. 19(3), pages 275-293.

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    More about this item

    Keywords

    GDP; Economic growth; England;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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