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New Estimates Of Gross National Product For The United Kingdom 1830–1914

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  • Phyllis Deane

Abstract

This paper presents a new annual series for United Kingdom gross national product, at current and constant prices, calculated from the expenditure side. These results differ significantly from previous estimates in that they go back to the beginning of the railway age on an annual basis and also in that the constant price estimates involve a detailed deflation of the main components of expenditure on consumption and capital formation. The implications of the new results are summarised, with particular reference to rates of growth and relative price changes, and an appendix describes the sources of the estimates.

Suggested Citation

  • Phyllis Deane, 1968. "New Estimates Of Gross National Product For The United Kingdom 1830–1914," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 14(2), pages 95-112, June.
    • Handle: RePEc:bla:revinw:v:14:y:1968:i:2:p:95-112
    DOI: 10.1111/j.1475-4991.1968.tb00938.x
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    Cited by:

    1. Solomos Solomou & Ryland Thomas, 2023. "Updated estimates of UK GDP from the income side, 1841–1920," Economic History Review, Economic History Society, vol. 76(3), pages 701-727, August.
    2. Nicholas Crafts, 2022. "Slow real wage growth during the Industrial Revolution: productivity paradox or pro-rich growth? [Engels’ pause: technical change, capital accumulation, and inequality in the British industrial rev," Oxford Economic Papers, Oxford University Press, vol. 74(1), pages 1-13.
    3. Solomos Solomou & Ryland Thomas, 2019. "Feinstein Fulfilled: Updated Estimates of UK GDP 1841-1920," Economic Statistics Centre of Excellence (ESCoE) Technical Reports ESCOE-TR-04, Economic Statistics Centre of Excellence (ESCoE).
    4. Don Bredin & Stilianos Fountas & Christos Savva, 2021. "Is British output growth related to its uncertainty? Evidence using eight centuries of data," Scottish Journal of Political Economy, Scottish Economic Society, vol. 68(3), pages 345-364, July.

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