British Episodic Economic Growth 1850-1938
Ristuccia, Cristiano A.
Cambridge Working Papers in Economics
Faculty of Economics
MetadataShow full item record
Solomou, S., & Ristuccia, C. A. (2004). British Episodic Economic Growth 1850-1938. https://doi.org/10.17863/CAM.4984
This paper argues that non-random measurement errors in the estimates of British Gross Domestic Product makes the compromise estimate a biased indicator of medium-term economic growth. Since the compromise estimate of GDP has been widely accepted and used to describe macroeconomic trends in the British economy this has resulted in descriptions of British economic growth that are best explained as statistical artifacts. This paper questions the existence of an Ã Â¯Ã Â¿Ã Â½Edwardian ClimactericÃ Â¯Ã Â¿Ã Â½, argues for a rethinking of the myth of the Ã Â¯Ã Â¿Ã Â½Great DepressionÃ Â¯Ã Â¿Ã Â½ and offers new insights on inter-war economic growth.
economic growth, economic cycles, Classification-JEL: N13, N14, O52, economic history
This record's DOI: https://doi.org/10.17863/CAM.4984
All Rights Reserved
Licence URL: https://www.rioxx.net/licenses/all-rights-reserved/