Una nueva evaluacion macroeconomica de la Revolucion Industrial*

Knick Harley

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 1993, vol. 11, issue 2, 259-303

Abstract: Aggregate estimates of British growth during the classical Industrial Revolution have been reassessed in the past decade and present a significantly revision of earlier views of British growth. Growth was slower dian previously believed and industrial change more localized and with a smaller impact Agricultural improvement and die relative ease with which labour moved to urban industry seems central to the experience. Although industry's impact now seems less than previously believed, industrial cities transformed society because die cotton textile industry expanded to exploit the advantage of its new technology and labour moved to the cities. But while exports expanded the share of industry and caused urbanization, they did not raise per capita income much because competition ensured that the benefits went to consumers. Finally, die specific features of die British industrial revolution seem to provide only weak guide to die growth process elsewhere.

Date: 1993
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