Crafts, Nicholas, Mills, Terence C. and Mulatu, Abay (2005) Total factor productivity growth on Britain's railways, 1852-1912: a reappraisal of the evidence. Working papers in large-scale technological change, 07/05. Department of Economic History, London School of Economics and Political Science, London, UK.
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Abstract
This paper revisits the issue of the productivity performance of pre-World War I Britain’s railway system with an improved dataset and with modern time-series econometrics. We find a slowdown in TFP growth between 1850 and 1870, after which it stabilized at about 1.1%. An analysis of company-level productivity rejects the claims that there was a regulation-induced revival of productivity performance in the railway sector after 1900 but, on the other hand, it supports the claim that there was some managerial failure during the period.
| Item Type: | Monograph (Working Paper) |
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| Official URL: | http://www.lse.ac.uk/collections/economicHistory/ |
| Additional Information: | © 2005 Nicholas Crafts |
| Library of Congress subject classification: | H Social Sciences > HC Economic History and Conditions T Technology > TF Railroad engineering and operation D History General and Old World > D History (General) > D204 Modern History D History General and Old World > DA Great Britain |
| Sets: | Departments > Economic History Collections > Economists Online |
| Rights: | http://www.lse.ac.uk/library/rights/LSERO.htm |
| Identification Number: | 07/05 |
| URL: | http://eprints.lse.ac.uk/22553/ |
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