Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/105558
Authors: 
Broadberry, Stephen
Campbell, Bruce
Klein, Alexander
Overton, Mark
van Leeuwen, Bas
Year of Publication: 
2012
Series/Report no.: 
School of Economics Discussion Papers 1203
Abstract: 
This paper reconstructs GDP from the output side for medieval and early modern Britain. In contrast to the long run stagnation of living standards suggested by daily real wage rates, output-based GDP per capita exhibits modest but positive trend growth. One way of reconciling the two series is through variation in the annual number of days worked, but there are also reasons to doubt the representativeness of the sharp rise and fall of daily real wage rates in the late middle ages, which creates the impression of no trend improvement of living standards.
Subjects: 
Economic Development
Economic Growth
National Income
JEL: 
O11
O40
E01
Document Type: 
Working Paper

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