Total factor productivity growth in English agriculture: 1690–1914
David Maddison and
Katrin Rehdanz
Oxford Economic Papers, 2019, vol. 71, issue 3, 666-686
Abstract:
The rate of TFP growth in agriculture is sometimes thought of as facilitating the wider industrial revolution. We use data on rents, prices, wages, the cost of inventories and the user-cost of man-made capital to analyse productivity change in agriculture in England between 1690 and 1914. Adopting an approach based on the profit function we find that the rate of profit augmentation was 0.4% whilst the output and input based rates of TFP growth were 0.1 and 0.2% respectively. We cannot reject the null hypothesis that the profit function for agriculture is stable. At least in economic terms agriculture exhibited steady progress rather than revolutionary change.
JEL-codes: N53 Q15 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/10.1093/oep/gpy055 (application/pdf)
Access to full text is restricted to subscribers.
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:oup:oxecpp:v:71:y:2019:i:3:p:666-686.
Ordering information: This journal article can be ordered from
https://academic.oup.com/journals
Access Statistics for this article
Oxford Economic Papers is currently edited by James Forder and Francis J. Teal
More articles in Oxford Economic Papers from Oxford University Press Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().