Seven Centuries of European Economic Growth and Decline
Bibliographic Data
| ID | 14855675 |
|---|---|
| Authors | Roger Fouquet (0000-0003-4732-0821, Roger Fouquet is Principal Research Fellow, Grantham Research Institute on Climate Change and the Environment at the London School of Economics and Political Science, London, United Kingdom.), Stephen Broadberry (0000-0003-2846-8193, Stephen Broadberry is Professor of Economic History, University of Oxford, United Kingdom.) |
| Year | 2015 |
| Volume | 29 |
| Issue | 4 |
| Pages | 227-244 |
| Publication date | 2015-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.29.4.227 |
| OpenAlex | W2118782446 |
| Language | EN |
| Citations received | 34 |
| References cited | 52 |
This paper investigates very long-run preindustrial economic development. New annual GDP per capita data for six European countries over the last seven hundred years paint a clearer picture of the history of European economic development. We confirm that sustained growth has been a recent phenomenon, but reject the argument that there was no long-run growth in living standards before the Industrial Revolution. Instead, the evidence demonstrates the existence of numerous periods of economic growth before the nineteenth century—periods of unsustained, but raising GDP per capita. We also show that many of the economies experienced substantial economic decline. Thus, rather than being stagnant, pre-nineteenth century European economies experienced a great deal of change. Finally, we offer some evidence that, from the nineteenth century, these economies increased the likelihood of being in a phase of economic growth and reduced the risk of being in a phase of economic decline
Development economics · Economic expansion · Economics · Economy · Macroeconomics · Market economy · Per capita · Standard of living · Culture, Economy, and Development Studies · Demography · Economic Growth and Productivity · Historical Economic and Social Studies
Invisible Environmental History
New Russian Economic History
Settlement scaling and economic change in the Central Andes
Anonymity, Efficiency Wages and Technological Progress
Jewish communities and city growth in preindustrial Europe
Human Evolution beyond Biology and Culture
Quantifying the scientific revolution
Academic Human Capital in European Countries and Regions, 1200-1793
Economic inequality and social mobility in preindustrial societies
From Convergence to Divergence
European Goods Market Integration in the Very Long Run
Urbanization, Citizenship, and Economic Growth in the Long Run
Factor prices and induced technical change in the industrial revolution
Revising growth history
Italy's long-term economic performance
Irish regional GDP since independence
Two worlds of female labour
Stochastic analysis of the economic growth of OECD countries
Regional GDP estimates for Sweden, 1571–1850
Trends in real wages in Denmark since the Late Middle Ages
Origins of Europe’s north-south divide
Reading the ransom
War, pandemics, and modern economic growth in Europe
States and economic growth
Human capital and earnings in eighteenth-century Castile
Speed of convergence in a Malthusian world
Endogenous Institutions and Economic Outcomes
Income and inequality in the Aztec Empire on the eve of the Spanish conquest
Beyond War and Contracts
Tilly Goes to Church
The Nexus of Population, Energy, Innovation, and Complexity
Between Malthus and the industrial take-off
Women's work and wages in the sixteenth century and Sweden's position in the 'little divergence
Asia's 'little divergence' in the twentieth century
Economic policy and projects
British economic growth, 1688-1959
A History of Agriculture and Prices in England
English Seigniorial Agriculture, 1250–1450
Human Capital and Industrialization
Malthus to Solow
Empirics for Growth and Distribution
The long decline of a leading economy
Understanding Patterns of Economic Growth
Where Did All the Growth Go? External Shocks, Social Conflict, and Growth Collapses
Economic structure and agricultural productivity in Europe, 1300-1800
Growth Accelerations
Multiple regimes and cross‐country growth behaviour
Africa's Growth Tragedy
Why Nations Fail
The population history of England, 1541-1871
The Agrarian History of England and Wales
National income, expenditure and output of the United Kingdom, 1855-1965
The Great Divergence
A Social and Economic History of Medieval Europe
Mismeasuring long-run growth
The First Modern Economy
Prices and Wages in England from the Twelfth to the Nineteenth Century. Vol. I
The Condition of the Working Class in England, 1209–2004
Catching Up, Forging Ahead, and Falling Behind
Constitutions and Commitment
China, Europe, and the Great Divergence
Why Isn't the Whole World Developed
GDP per capita or real wages? Making sense of conflicting views on pre-industrial Europe
International Comparisons of Real Product, 1820–1990
The curse of Moctezuma
Persistent but not consistent
England's Export Trade, 1275-1547
The early modern great divergence
Wages, prices, and living standards in China, 1738–1925
A Contribution to the Empirics of Economic Growth
A Contribution to the Theory of Economic Growth
The Industrial Revolution and the Industrious Revolution
Empirics for economic growth and convergence
English Tin Production and Trade before 1550
Divergence, Big Time
Some Macroeconomics for the 21st Century
The long march of history
An input-output table for 1841
The rise and fall of Spain (1270-1850)1
Output Growth and the British Industrial Revolution
Growth and inequality in the great and little divergence debate
TheMaddisonProject
The production and consumption of bar iron in early modern England and Wales
| Unique citing works | 34 |
|---|---|
| Citations per year | 3,09 |
| Citation span | 2015 - 2026 (12) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 33 |