An input-output table for 1841

Datos Bibliográficos

ID3542016
AutoresSara Horrell (University of Cambridge), Jane Humphries (0009-0004-0797-3080, University of Cambridge), Martin Weale (0000-0002-2016-0437, University of Cambridge)
Año1994
Volumen47
Número3
Páginas545
Fecha de publicación1994-08-01
Peer ReviewedSí
Open AccessNo
TipoARTICLE
RevistaThe Economic History Review (JOURNAL)
Identificadores de la revistaISSN: 0013-0117 • E-ISSN: 1468-0289
EditorialJSTOR (PUBLISHER)
DOI10.2307/2597593
OpenAlexW4240495914
IdiomaEN
Citas recibidas28
Referencias citadas23

S tudies of industrialization inevitably involve some investigation of economic structure: structural changes comprise a defining characteristic of 'the industrial revolution' according to standard descriptions2 and the construction of output index numbers to ascertain growth rates requires knowledge of the distribution of value added.3 Surprisingly, these concerns have not spilled over into a direct interest in the interrelationships among industries during industrialization, studies of which would shed light on the mechanism of economic growth. Input-output analysis provides an obvious framework within which to investigate these interrelationships but the stumbling block is clearly the assembly of the necessary historical statistics. This article tries to overcome this obstacle and use input-output analysis to investigate the structure of an economy undergoing industrialization. Specifically we present an input-output table for the UK economy for i84I. So far as we know, this represents the first attempt to summarize the structure of the UK economy in this way for a date earlier than I907, for which year we have Thomas's study.4 We cannot expect the result to have the precision of Thomas's work, let alone that of the five-yearly inputoutput tables now published by the Central Statistical Office. But, compared with a retrospective look at a more recent year, our task is simplified by the rudimentary structure of the economy in i84I. The next section gives a brief description of our sources and the methods that we used to reconstruct the inter-industry transactions. The production analysis is then used to cast the table of input-output accounts. Capital and labour inputs by industry are also identified. We then use the table to identify the interdependence and linkages between industries and to assess the total productivity of each industry. I

Arithmetic · Data mining · Database · Table (database) · Computer Science · Economic Growth and Productivity · Economic Theory and Policy · Historical Economic and Social Studies · Mathematics · Parallel Computing and Optimization Techniques