Simulating the Two Views of the British Industrial Revolution

Bibliographic Data

ID4865699
AuthorsC Knick Harley (Western University, corresponding author), N F R Crafts, Nicholas Crafts (0000-0002-1885-6240, London School of Economics and Political Science)
Year2000
Volume60
Issue3
Pages819-841
Publication date2000-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic History (JOURNAL)
Journal identifiersISSN: 0022-0507 • E-ISSN: 1471-6372
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050700025778
OpenAlexW2024622079
LanguageEN
Citations received24
References cited32

This study examines technical change, trade, economic structure, and growth during the British Industrial Revolution by means of computational general equilibrium (CGE) modeling. It rejects Peter Temin's contention that our “new view” of sectorally concentrated productivity growth is inconsistent with industrial export data. A CGE trade model with diminishing returns in agriculture and realistic assumptions about consumer demand shows that while technical change in cottons and iron were major spurs to exportation of those specific goods, the need for food imports also stimulated exports generally. Incorporating trade data thus enriches our “new view.”

Agriculture · Archaeology · Computable general equilibrium · Economics · Economy · Exportation · Geography · Industrial Revolution · International economics · International trade · Macroeconomics · Productivity · Complex Systems and Decision Making · Computer Science · Economic Development and Digital Transformation · Economic Growth and Productivity · Global trade and economics · Historical Economic and Social Studies · History · Innovation Diffusion and Forecasting

Tools

Open DOISci-Hub