Agricultural Rent in England, 1690–1914

Turner, Michael; Beckett, J. V.; Afton, B.

doi:10.1017/cbo9780511549205

Cited by 111 publications

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“…27 Assuming that measures of the return on capital for the economy as a whole are used in calculating sectoral productivity growth. 28 Feinstein (1998a), Turner, Beckett and Afton (1997), and Clark (1998and Clark ( , 2002. 29 Clark's main aim, however, is not to use factor prices as independent evidence on TFP growth rates.…”

Section: Data and Resultsmentioning

confidence: 99%

“…In contrast to recent studies of East Asia, we need to include land as a factor of production -the share of rents in total income was approximately 15 %. 37 As for data on land rents, there are the alternative series by Turner, Beckett and Afton (1997) and by Clark. 38 Since changes over time are broadly similar, the choice of index is not decisive.…”

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confidence: 99%

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Factor prices and productivity growth during the British industrial revolution

Antràs

Voth

2003

Explorations in Economic History

103

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This paper presents new estimates of total factor productivity growth in Britain for the period 1770-1860. We use the dual technique and argue that the estimates we derive from factor prices are of similar quality to quantity-based calculations. Our results provide further evidence, calculated on the basis of an independent set of sources, that productivity growth during the British Industrial Revolution was relatively slow. The Crafts-Harley view of the Industrial Revolution is thus reinforced. Our preferred estimates suggest an even modest acceleration after 1800.

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Section: Data and Resultsmentioning

confidence: 99%

Section: ______________________mentioning

confidence: 99%

Factor prices and productivity growth during the British industrial revolution

Antràs

Voth

2003

Explorations in Economic History

103

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“…For instance, as many as 22% of the industrialists' fathers were yeomen and farmers, 34. According to Turner, Beckett, and Afton (1997 , Table A2.1), rents per acre tripled between 1790 and 1878 and fell by 27% between 1878 and 1910. Within the period, there were sharp increases between 1790 and 1815 (124%) and 1850 and 1878 (37%) and a period of flat rents in between.…”

Section: Discussion Of Alternative Hypothesesmentioning

confidence: 99%

Occupational Choice and the Spirit of Capitalism

Doepke¹,

Zilibotti²

2007

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The British Industrial Revolution triggered a socioeconomic transformation whereby the landowning aristocracy was replaced by industrial capitalists rising from the middle classes as the economically dominant group. We propose a theory of preference formation under financial market imperfections that can account for this pattern. Parents shape their children's preferences in response to economic incentives. Middle-class families in occupations requiring effort, skill, and experience develop patience and a work ethic, whereas upper-class families relying on rental income cultivate a refined taste for leisure. These class-specific attitudes, which are rooted in the nature of preindustrial professions, become key determinants of success once industrialization transforms the economic landscape.

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“…Allen, ‘Price of freehold land’; Clark, ‘Land rental values’; Turner, Beckett, and Afton, Agricultural rent. …”

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Location, location, location? Analysing property rents in medievalGloucester

Casson

2015

The Economic History Review

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Although medieval rentals have been extensively studied, few scholars have used them to analyse variations in the rents paid on individual properties within a town. It has been claimed that medieval rents did not reflect economic values or market forces, but were set according to social and political rather than economic criteria, and remained ossified at customary levels. This article uses hedonic regression methods to test whether property rents in medieval Gloucester were influenced by classic economic factors such as the location and use of a property. It investigates both ordinary commercial rents and burgage rents (landgable), and explores the relationship between the two. It also examines spatial autocorrelation. It finds significant relationships between ordinary rents and property characteristics that are similar to those found in modern studies. The findings are consistent with the view that, in late medieval Gloucester at least, ordinary rents were strongly influenced by classical economic factors working through the urban property market. The findings also suggest that burgage rents reflected economic factors, even though they remained fixed over time.T he operation of medieval property markets is an important topic. Information on urban rents can provide insights into important issues such as the nature and extent of urban development, the role of institutions, and the concentration of urban wealth. Historians have recognized the benefits of combining documentary and archaeological evidence in order to enhance their understanding of this topic. 1 There has, however, been relatively little statistical analysis of the level at which medieval urban rents were set. This is in contrast to research on agricultural rents, for which indices of agricultural rents have been created and analysed over time and across regions. 2 Data limitations have been an important constraint on statistical research into rents. Statistical techniques require detailed sources that afford a reasonably comprehensive coverage of a large number of properties and provide relevant details on each property. For some towns no records survive at all, and where they do there is insufficient detail to explain the variation of rents across properties. Even where records do survive, the information they give can vary in quality. Rent rolls, which were usually compiled by civic authorities or other institutions, often

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Agricultural Rent in England, 1690–1914

Cited by 111 publications

References 0 publications

Factor prices and productivity growth during the British industrial revolution

Factor prices and productivity growth during the British industrial revolution

Occupational Choice and the Spirit of Capitalism

Location, location, location? Analysing property rents in medievalGloucester

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