European business cycles and economic growth, 1300-2000

Broadberry, Stephen and Lennard, Jason ORCID: 0000-0002-6700-8969 (2024) European business cycles and economic growth, 1300-2000. Explorations in Economic History, 94. ISSN 0014-4983

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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 in the nineteenth century.

Item Type:	Article
Official URL:	https://www.sciencedirect.com/journal/explorations...
Additional Information:	© 2024 The Author(s)
Divisions:	Economic History
Subjects:	H Social Sciences > HC Economic History and Conditions
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:	25 Jun 2024 08:54
Last Modified:	12 Dec 2024 04:20
URI:	http://eprints.lse.ac.uk/id/eprint/123968

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