NEW ESTIMATES OF GROSS NATIONAL PRODUCT FOR THE UNITED KINGDOM 1830–1914

Phyllis M. Deane

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Historical Economic and Social Studies Economic Theory and Policy Economic Growth and Productivity

Abstract

This paper presents a new annual series for United Kingdom gross national product, at current and constant prices, calculated from the expenditure side. These results differ significantly from previous estimates in that they go back to the beginning of the railway age on an annual basis and also in that the constant price estimates involve a detailed deflation of the main components of expenditure on consumption and capital formation. The implications of the new results are summarised, with particular reference to rates of growth and relative price changes, and an appendix describes the sources of the estimates.

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2001The World Economy 1986The Sources of Social Power 2003The World Economy 1987Government spending, interest rates, prices, and budget deficits in the United Kingdom, 1701–1918 2009The double bubble at the turn of the century: technological roots and structural implications 1983‘Commerce and Christianity’: Providence Theory, The Missionary Movement, and the Imperialism Of Free Trade, 1842–1860 1988Defense Burdens, Capital Formation, and Economic Growth 1971An Econometric Study of Cotton Production and Trade, 1830-1860

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