Productivity Growth in the Industrial Revolution: A New Growth Accounting Perspective
使用基于体现式创新模型的增长核算方法，重新审视英国工业革命期间生产率增长缓慢的原因，发现蒸汽技术的影响虽小且滞后，但技术变革完全解释了劳动生产率增长的加速。
The issue of why productivity growth during the British industrial revolution was slow despite the arrival of famous inventions is revisited using a growth accounting methodology based on an embodied innovation model. The results highlight the relatively small and long-delayed impact of steam on productivity growth even when capital deepening is taken into account. Even so, technological change including embodiment effects accounted entirely for the acceleration in labor productivity growth that allowed the economy to achieve “modern economic growth.”