Technological Epochs and British Industrial Production, 1700-1992

David Greasley and Les Oxley

Scottish Journal of Political Economy, 1996, vol. 43, issue 3, 258-74

Abstract: This paper presents results on the persistence of British industrial production using the Cochrane (1988) measure, based upon the spectral density at zero frequency, and an extended version of the Crafts-Harley (1992) data set. Utilizing results on the timing of macroeconomic epochs, consideration is given to the effects of structural breaks on measures of persistence. The results show high persistence during the British Industrial Revolution and lower levels of persistence experienced during the twentieth century. The problems of ignoring structural breaks when calculating measures of persistence are highlighted and used to explain the results of some previous studies. Copyright 1996 by Scottish Economic Society.

Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (3)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:scotjp:v:43:y:1996:i:3:p:258-74

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0036-9292

Access Statistics for this article

Scottish Journal of Political Economy is currently edited by Tim Barmby, Andrew Hughes-Hallett and Campbell Leith

More articles in Scottish Journal of Political Economy from Scottish Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().