Gregory Clark, Kevin Hjortshøj O'Rourke y Alan M. Taylor
publicaron "The
Growing Dependence of Britain on Trade during the Industrial Revolution", en cuyo abstract leemos “Many previous studies of the role of trade
during the British Industrial Revolution have found little or no role for trade
in explaining British living standards or growth rates. We construct a
three-region model of the world in which Britain trades with North America and
the rest of the world, and calibrate the model to data from the 1760s and
1850s. We find that while trade had only a small impact on British welfare in
the 1760s, it had a very large impact in the 1850s. This contrast is robust to
a large range of parameter perturbations. Biased technological change and
population growth were key in explaining Britain’s growing dependence on trade
during the Industrial Revolution.”
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