UK World War I and interwar data for business cycle and growth analysis

James Nason and Shaun Vahey

No 11-10, Working Papers from Federal Reserve Bank of Philadelphia

Abstract: This article contributes new time series for studying the UK economy during World War I and the interwar period. The time series are per capita hours worked and average capital income, labor income, and consumption tax rates. Uninterrupted time series of these variables are provided for an annual sample that runs from 1913 to 1938. The authors highlight the usefulness of these time series with several empirical applications. The per capita hours worked data are used in a growth accounting exercise to measure the contributions of capital, labor, and productivity to output growth. The average tax rates are employed in a Bayesian model averaging experiment to reevaluate the Benjamin and Kochin (1979) regression.

Keywords: Business cycles; Economic development; Real-time data (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-his and nep-mac
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Citations: View citations in EconPapers (2)

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Related works:
Journal Article: UK World War I and interwar data for business cycle and growth analysis (2012)
Working Paper: UK World War I and Interwar Data for Business Cycle and Growth Analysis (2011)
Working Paper: U.K. World War I and interwar data for business cycle and growth analysis (2009)
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