Total factor productivity growth in English agriculture: 1690–1914.

Maddison, David and Rehdanz, Katrin (2018) Total factor productivity growth in English agriculture: 1690–1914. Oxford Economic Papers, 71 (3). pp. 666-686. DOI 10.1093/oep/gpy055.

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Abstract

The rate of TFP growth in agriculture is sometimes thought of as facilitating the wider industrial revolution. We use data on rents, prices, wages, the cost of inventories and the user-cost of man-made capital to analyse productivity change in agriculture in England between 1690 and 1914. Adopting an approach based on the profit function we find that the rate of profit augmentation was 0.4% whilst the output and input based rates of TFP growth were 0.1 and 0.2% respectively. We cannot reject the null hypothesis that the profit function for agriculture is stable. At least in economic terms agriculture exhibited steady progress rather than revolutionary change.

Document Type: Article
Research affiliation: Kiel University > Kiel Marine Science
OceanRep > The Future Ocean - Cluster of Excellence
Kiel University
Refereed: Yes
Open Access Journal?: No
DOI etc.: 10.1093/oep/gpy055
ISSN: 0030-7653
Date Deposited: 13 Aug 2019 09:34
Last Modified: 19 Aug 2019 18:47
URI: http://oceanrep.geomar.de/id/eprint/47477

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