European Business Cycles and Economic Growth, 1300-2000

Stephen Broadberry and Jason Lennard

CAGE Online Working Paper Series from Competitive Advantage in the Global Economy (CAGE)

Abstract: The modern business cycle features long expansions combined with short recessions, and is thus related to the emergence of sustained economic growth. It also features significant international co-movement, and is therefore associated with growing market integration and globalisation. When did these patterns first appear? This paper explores the changing nature of the business cycle using historical national accounts for nine European economies between 1300 and 2000. For the sample as a whole, the modern business cycle emerged at the end of the eighteenth century.

Keywords: Business cycle; economic growth; Europe JEL Classification: N10, E32, O47 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-gro and nep-his
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https://warwick.ac.uk/fac/soc/economics/research/c ... tions/wp683.2023.pdf

Related works:
Journal Article: European business cycles and economic growth, 1300–2000 (2024)
Working Paper: European business cycles and economic growth, 1300-2000 (2024)
Working Paper: European Business Cycles and Economic Growth, 1300-2000 (2023)
Working Paper: European Business Cycles and Economic Growth, 1300-2000 (2023)
Working Paper: European business cycles and economic growth, 1300-2000 (2023)
Working Paper: European Business Cycles and Economic Growth, 1300-2000 (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:cge:wacage:683

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