Before the Great Divergence? Comparing the Yangzi Delta and the Netherlands at the Beginning of the Nineteenth Century
通过比较1820年代长江三角洲与荷兰的GDP结构和水平,发现荷兰人均GDP几乎是长江三角洲的两倍,农业生产力相近但工业和服务业差距大,差异可能源于要素成本不同。
This article tests recent ideas about the long-term economic development of China compared with Europe on the basis of a detailed comparison of structure and level of GDP in part of the Yangzi delta and the Netherlands in the 1820s. We find that Dutch GDP per capita was almost twice as high as in the Yangzi delta. Agricultural productivity there was at about the same level as in the Netherlands (and England), but large productivity gaps existed in industry and services. We attempt to explain this concluding that differences in factor costs are probably behind disparities in labor productivity.