British business cycles, 1270-1870
Annual estimates of GDP constructed from the output side are used to analyse British business cycles between 1270 and 1870. After c.1670 the scale of recessions tended to diminish as the economy grew, diversified and became more resilient. Until c.1730, business cycles were driven largely by agricul...
| Main Authors: | , , , , |
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| Format: | Working paper |
| Language: | English |
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University of Oxford
2022
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| _version_ | 1797107431913816064 |
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| author | Broadberry, S Campbell, BMS Klein, A Overton, M van Leeuwen, B |
| author_facet | Broadberry, S Campbell, BMS Klein, A Overton, M van Leeuwen, B |
| author_sort | Broadberry, S |
| collection | OXFORD |
| description | Annual estimates of GDP constructed from the output side are used to analyse British business cycles between 1270 and 1870. After c.1670 the scale of recessions tended to diminish as the economy grew, diversified and became more resilient. Until c.1730, business cycles were driven largely by agricultural fluctuations, but shocks to industry and commerce became more important over time as the structure of the economy changed. A number of severe recessions can be identified, associated with harvest failures, disease outbreaks, wars and disruptions to commerce. Monetary and financial factors also played a role in some of these severe recessions. |
| first_indexed | 2024-03-07T07:16:00Z |
| format | Working paper |
| id | oxford-uuid:ded8a867-0c21-4dd0-8c50-b5f24975cb87 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T07:16:00Z |
| publishDate | 2022 |
| publisher | University of Oxford |
| record_format | dspace |
| spelling | oxford-uuid:ded8a867-0c21-4dd0-8c50-b5f24975cb872022-08-04T09:06:12ZBritish business cycles, 1270-1870 Working paperhttp://purl.org/coar/resource_type/c_8042uuid:ded8a867-0c21-4dd0-8c50-b5f24975cb87EnglishSymplectic ElementsUniversity of Oxford2022Broadberry, SCampbell, BMSKlein, AOverton, Mvan Leeuwen, BAnnual estimates of GDP constructed from the output side are used to analyse British business cycles between 1270 and 1870. After c.1670 the scale of recessions tended to diminish as the economy grew, diversified and became more resilient. Until c.1730, business cycles were driven largely by agricultural fluctuations, but shocks to industry and commerce became more important over time as the structure of the economy changed. A number of severe recessions can be identified, associated with harvest failures, disease outbreaks, wars and disruptions to commerce. Monetary and financial factors also played a role in some of these severe recessions. |
| spellingShingle | Broadberry, S Campbell, BMS Klein, A Overton, M van Leeuwen, B British business cycles, 1270-1870 |
| title | British business cycles, 1270-1870
|
| title_full | British business cycles, 1270-1870
|
| title_fullStr | British business cycles, 1270-1870
|
| title_full_unstemmed | British business cycles, 1270-1870
|
| title_short | British business cycles, 1270-1870
|
| title_sort | british business cycles 1270 1870 |
| work_keys_str_mv | AT broadberrys britishbusinesscycles12701870 AT campbellbms britishbusinesscycles12701870 AT kleina britishbusinesscycles12701870 AT overtonm britishbusinesscycles12701870 AT vanleeuwenb britishbusinesscycles12701870 |