Chapter

A Quantitative‐Historical Approach to British Economic Growth

R. C. O. Matthews, C. H. Feinstein and J. C. Odling‐Smee

in British Economic Growth 1856-1973

Published in print October 1982 | ISBN: 9780198284536
Published online November 2003 | e-ISBN: 9780191596629 | DOI: http://dx.doi.org/10.1093/0198284535.003.0001

Series: Studies of Economic Growth in Industrialized Countries

 A Quantitative‐Historical Approach to British Economic Growth

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The approach to British economic growth is historical in that it compares growth in different periods rather than comparing growth in the UK with that in other countries. The key question of interest is why was growth in the period since World War II better than in other periods since the 1850s. The approach is quantitative in that it is heavily statistical while being well grounded in economic theory. Most of the basic data are presented in a growth accounting framework. This does not imply that the underlying exogenous causes of growth are entirely on the supply side: demand side factors such as those emanating from abroad or from government policy can also be causes of growth.

Keywords: demand; exogeneity; growth accounting; quantitative economic history; supply

Chapter.  7714 words. 

Subjects: Economic History

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