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.
Download (456Kb) | Preview
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)|
|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
Actions (login required)
|Record administration - authorised staff only|