THE SOURCES OF BRITISH ECONOMIC GROWTH SINCE THE INDUSTRIAL REVOLUTION: NOT THE SAME OLD STORY
更新了20世纪80年代初的经典增长核算研究，利用改进的数据发现长期生产率增长路径呈过山车状，在19和20世纪第三季度出现双峰，而非U形，并指出当前生产率放缓前所未有。
Abstract This paper updates the classic growth accounting research of the early 1980s taking account of improved data that has subsequently become available. The picture of long‐run growth which results from incorporating many revisions is considerably different. The long‐run path of productivity growth is now that of a roller‐coaster with twin peaks in the third quarters of the 19th and 20th centuries rather than a U‐shape. Productivity growth appears to have been very slow to accelerate in the Industrial Revolution, the notion of an Edwardian climacteric is not persuasive and the current productivity slowdown stands out as unprecedented.