Innovation, Technological Change and the British Agricultural Revolution

CAMA Working Paper No. 11/2010

27 Pages Posted: 31 Aug 2010

See all articles by James Ang

James Ang

Monash College

Rajabrata Banerjee

University of South Australia - UniSA Business School

Jakob B. Madsen

University of Copenhagen - Department of Economics

Date Written: April 1, 2010

Abstract

Theory, historiography and empirical evidence suggest that agriculture is the key to economic development. This paper examines the extent to which productivity advances in British agriculture in the period 1620-1850 were driven by technological progress. Measuring technology by patents and new book titles on agricultural methods, the results indicate that technological progress has played a significant part in productivity advances. Furthermore, the results show that research effort has permanent growth effects, consistent with the prediction of Schumpeterian growth theory.

Keywords: British Agricultural Revolution, endogenous growth models, Schumpeterian growth

JEL Classification: N13, O30, O40, Q16

Suggested Citation

Ang, James and Banerjee, Rajabrata and Madsen, Jakob Bruechner, Innovation, Technological Change and the British Agricultural Revolution (April 1, 2010). CAMA Working Paper No. 11/2010, Available at SSRN: https://ssrn.com/abstract=1668132 or http://dx.doi.org/10.2139/ssrn.1668132

James Ang (Contact Author)

Monash College ( email )

Guangzhou
China

Rajabrata Banerjee

University of South Australia - UniSA Business School ( email )

SCHOOL OF COMMERCE, UNISA
GPO BOX 2471
ADELAIDE, South Australia 5001 5001
Australia

Jakob Bruechner Madsen

University of Copenhagen - Department of Economics ( email )

Ă˜ster Farimagsgade 5
Bygning 26
1353 Copenhagen K.
Denmark

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