Rule Britannia!: British Stock Market Returns, 1825-1870

Graeme G. Acheson, Charles R. Hickson, John Turner () and Qing Ye
Additional contact information
Graeme G. Acheson: University of Ulster
Charles R. Hickson: Queen's University Belfast
Qing Ye: Queen's University Belfast

No 8023, Working Papers from Economic History Society

Abstract: "This article presents a new series of monthly equity returns for the British stock market for the period 1825- 70. As well as calculating capital appreciation and dividend yields, the article also attempts to take account of the effect of survivorship bias on returns. Three notable findings emerge from this study. Firstly, stock- market returns in the 1825-70 period are higher in Britain than in the United States. Secondly, real returns in the 1825-70 period are higher than in subsequent epochs of British history. Thirdly, unlike the modern era, the vast majority of returns in our sample period come from dividends rather than capital appreciation."

JEL-codes: N00 (search for similar items in EconPapers)
Date: 2008-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.ehs.org.uk/dotAsset/f3f5fbbc-7dc1-4920-a747-ffe0d1ed2e5a.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.ehs.org.uk/dotAsset/f3f5fbbc-7dc1-4920-a747-ffe0d1ed2e5a.pdf [301 Moved Permanently]--> https://ehs.org.uk/dotAsset/f3f5fbbc-7dc1-4920-a747-ffe0d1ed2e5a.pdf)

Related works:
Journal Article: Rule Britannia! British Stock Market Returns, 1825-1870 (2009)
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:ehs:wpaper:8023

Access Statistics for this paper

More papers in Working Papers from Economic History Society Contact information at EDIRC.
Bibliographic data for series maintained by Chair Public Engagement Committe (currently David Higgins - Newcastle) ().