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Throughout the period 1871-1938, the average British worker was better off than the average German worker, but there were significant differences between major sectors. For the aggregate economy, the real wage gap was about the same as the labour productivity gap, but again there were important...
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We explore the links between openness and economic performance in Britain between 1870 and 1999. The key findings are: (1) As a result of the openness of the British economy, agriculture was unusually small in nineteenth century Britain, allowing resources to be deployed in the higher value...
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This paper provides estimates of Indian GDP constructed from the output side for the period 1600-1871, and combines them with population estimates to track changes in living standards. Indian per capita GDP declined steadily. As British living standards increased from the mid-seventeenth...
Persistent link: https://www.econbiz.de/10010758504
This paper provides estimates of Indian GDP constructed from the output side for the pre-1871 period, and combines them with population estimates to track changes in living standards. Indian per capita GDP declined steadily during the seventeenth and eighteenth centuries before stabilising...
Persistent link: https://www.econbiz.de/10010758531
Britain's labour force industrialised early. The industrial and service sectors already accounted for 40% of the labour force in 1381, and a substantial further shift of labour out of agriculture occurred between 1522 and 1700. From the early seventeenth century rising agricultural labour...
Persistent link: https://www.econbiz.de/10010603170
Estimates of Indian GDP are constructed from the output side for 1600–1871, and combined with population data. Indian per capita GDP declined steadily during the seventeenth and eighteenth centuries before stabilising during the nineteenth century. As British growth increased from the...
Persistent link: https://www.econbiz.de/10011208545