Total Factor Productivity Growth in English Agriculture, 1250-1450

: Karl Gunnar : Persson
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: Karl Gunnar : Persson: Institute of Economics, University of Copenhagen

No 93-11, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: This paper develops a new total factor productivity growth accounting formula in which output data are replaced by data on wages and prices and changes in income distribution. It is then applied to the two centuries between 1250 and 1450, drawing on the improved wage and price series recently published for England. The results reveal a weak but consistent positive growth which is explained by the institutional changes occurring in the period, and by the land constraint particularly in the period before the Black Death.

JEL-codes: N33 (search for similar items in EconPapers)
Pages: 28 pages
Date: 1993-09
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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:9311

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