British Relative Economic Decline in the Aftermath of German Unification
Nicholas Crafts ()
CAGE Online Working Paper Series from Competitive Advantage in the Global Economy (CAGE)
From 1871 to 1913, German economic growth was faster than that of the UK. This represented a successful catch-up of the leading European economy but there was still a significant productivity gap at the end of the period. Slower UK growth should be seen as largely unavoidable but there was a serious weakness in the national innovation system. On the whole, the greater openness of the British economy was advantageous and a move to protectionist policies would have been damaging. The expansion of German industrial production and exports only had a small negative impact on UK national income.
Keywords: economic growth; productivity performance; trade rivalry; Victorian failure JEL Classification: N13; O52 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-his and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
https://warwick.ac.uk/fac/soc/economics/research/c ... tions/wp501.2020.pdf
Working Paper: British Relative Economic Decline in the Aftermath of German Unification (2020)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cge:wacage:501
Access Statistics for this paper
More papers in CAGE Online Working Paper Series from Competitive Advantage in the Global Economy (CAGE) Contact information at EDIRC.
Bibliographic data for series maintained by Jane Snape ().