Economic Growth in England, 1250-1850: Some New Estimates Using a Demand Side Approach

Alessandro Nuvolari and Mattia Ricci

Rivista di storia economica, 2013, issue 1, 31-54

Abstract: Using the demand side approach we construct a new set of estimatesof per capita agricultural output and per capita GDP for England overthe period 1250-1850. Our estimates of per capita GDP suggest that thepattern of long run growth of the English economy can be interpretedwith a periodization in three historical stages. The first stage, coveringthe period 1250-1580, is a Malthusian phase with no positive growth. Thesecond stage, comprising the period 1580-1780, is an intermediate phasewhere the English economy is able to relax some of the Malthusian constraints,attaining a positive growth rate (although our estimate of thegrowth rate for this period is lower than that proposed by Maddison andmore recently by Broadberry, Campbell, Klein, Overton and van Leeuwen).The third stage covering the post 1780 period is represented by theindustrial revolution and by the definitive consolidation of a developmentpattern characterized by a steady positive growth rate.

Date: 2013
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