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Output Growth and the British Industrial Revolution: A Restatement of the Crafts-Harley View

N. F. R. Crafts and C. K. Harley
The Economic History Review
New Series, Vol. 45, No. 4 (Nov., 1992), pp. 703-730
Published by: Wiley on behalf of the Economic History Society
DOI: 10.2307/2597415
Stable URL: http://www.jstor.org/stable/2597415
Page Count: 28
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Output Growth and the British Industrial Revolution: A Restatement of the Crafts-Harley View
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Abstract

This paper reviews the debate concerning British industrial output growth between 1760 and 1830. The earlier indices by Crafts and Harley are revised in accordance with new data. Detailed technical discussion of key issues is provided in four appendices. The main results show that the general picture provided by the authors ten years ago is still acceptable-insofar as any adjustment is required the effect is slightly to lower the estimated growth rate, contrary to recent claims. The idea of the industrial revolution as an important discontinuity is reasserted.

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