Bakker, Gerben 
ORCID: 0000-0001-6109-0693
(2012)
How motion pictures industrialized entertainment.
Journal of Economic History, 72 (4).
pp. 1036-1063.
ISSN 0022-0507
Abstract
Motion pictures constituted a revolutionary new technology that transformed entertainment-a rival, labor-intensive service-into a non-rival commodity. Combining growth accounting with a new output concept shows productivity growth in entertainment surpassed that in any manufacturing industry between 1900 and 1938. Productivity growth in personal services was not stagnant by definition, as current understanding has it, but instead was unparalleled in some cases. Motion pictures' contribution to aggregate GDP and TFP growth was much smaller than that of general purpose technologies steam, railways, and electricity, but not insignificant. An observer might have noted that "motion pictures are everywhere except in the productivity statistics." "So long as the number of persons who can be reached by a human voice is strictly limited, it is not very likely that any singer will make an advance on the £10,000 said to have been earned in a season by Mrs. Billington at the beginning of the last century, nearly as great as that which the business leaders of the present generation have made on the last." Alfred Marshall
| Item Type: | Article |
|---|---|
| Official URL: | http://journals.cambridge.org/action/displayJourna... |
| Additional Information: | © 2012 Economic History Association |
| Divisions: | Accounting Economic History |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor P Language and Literature > PN Literature (General) > PN1993 Motion Pictures |
| JEL classification: | N - Economic History > N7 - Transport, International and Domestic Trade, Energy, Technology, and Other Services > N70 - General, International, or Comparative |
| Date Deposited: | 02 Jan 2013 16:09 |
| Last Modified: | 04 Apr 2024 04:33 |
| Funders: | Economic and Social Research Council |
| URI: | http://eprints.lse.ac.uk/id/eprint/45652 |
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