Dating business cycles in the United Kingdom, 1700–2010

Stephen Broadberry, Jagjit Chadha, Jason Lennard and Ryland Thomas

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This paper constructs a new chronology of the business cycle in the United Kingdom from 1700 on an annual basis and from 1920 on a quarterly basis to 2010. The new chronology points to several observations about the business cycle. First, the cycle has significantly increased in duration and amplitude over time. Second, contractions have become less frequent but are as persistent and costly as at other times in history. Third, the typical recession has been tick-shaped with a short contraction and longer recovery. Finally, the major causes of downturns have been sectoral shocks, financial crises, and wars.

Keywords: business cycles; economic history; United Kingdom (search for similar items in EconPapers)
JEL-codes: E32 N13 N14 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2023-11-01
New Economics Papers: this item is included in nep-his
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Published in Economic History Review, 1, November, 2023, 76(4), pp. 1141 - 1162. ISSN: 0013-0117

Downloads: (external link)
http://eprints.lse.ac.uk/117600/ Open access version. (application/pdf)

Related works:
Journal Article: Dating business cycles in the United Kingdom, 1700–2010 (2023)
Working Paper: Dating Business Cycles in the United Kingdom, 1700-2010 (2022)
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:ehl:lserod:117600

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().