British Industrialization, 1815–1860: A Disaggregate Time-Series Perspective

Authors: Greasley D.¹; Oxley L.²

Source: Explorations in Economic History, Volume 37, Number 1, January 2000 , pp. 98-119(22)

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Abstract:

This article exploits the time-series properties of 26 industries' output data to consider the interrelationships among industries and the sources of growth during early British industrialization. A small number of stochastic common trends drove the permanent components of disaggregate industrial production. These are associated with specific industrial groupings, including one comprising cotton, minerals, and metals and another the food processing industries. The results shed light on the breadth of Industrial Revolution technological progress and highlight the roles of the cotton and iron goods industries in leading industrial growth. Copyright 2000 Academic Press.

Language: English

Document Type: Research article

Affiliations: 1: University of Edinburgh, Edinburgh, Scotland 2: University of Waikato, Waikato, New Zealand

Publication date: 2000-01-01