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European business cycles and economic growth, 1300-2000

Broadberry, Stephen and Lennard, Jason ORCID: 0000-0002-6700-8969 (2023) European business cycles and economic growth, 1300-2000. Economic History Working Papers (361). London School of Economics and Political Science, London, UK.

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Abstract

The modern business cycle features long expansions combined with short recessions and is thus related to the emergence of sustained economic growth. It also features significant international co-movement and is therefore associated with growing market integration and globalisation. When did these patterns first appear? This paper explores the changing nature of the business cycle using historical national accounts for nine European economies between 1300 and 2000. For the sample as a whole, the modern business cycle emerged at the end of the eighteenth century.

Item Type: Monograph (Working Paper)
Official URL: https://www.lse.ac.uk/Economic-History/Working-Pap...
Additional Information: © 2023 The Authors
Divisions: Economic History
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
JEL classification: N - Economic History > N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations > N10 - General, International, or Comparative
E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles
O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output (Income) Convergence
Date Deposited: 04 Oct 2023 14:51
Last Modified: 06 Dec 2023 00:12
URI: http://eprints.lse.ac.uk/id/eprint/120364

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