Traditional Versus Revisionist: The Case of the Industrial Revolution in Sweden, 1830-1980
(2013) EKHR92 20131Department of Economic History
- Abstract
- This empirical paper uses modern methodology and techniques to analyze old and ongoing scholarly disagreements about the nature of Industrial Revolution. It analyzes the Industrial Revolution in Sweden and to find out whether it supports the traditional or revisionist view of the Industrial Revolution through quantitative time-series methodology and techniques such as cointegration analysis, Vector Error Correction Model, which isolates short-run from long-run relationships between variables under study, and Vector Autoregressive Model. Using data on labor productivity in Manufacturing and Building and Construction Industries as well as data on real product wage – nominal wage deflated by the price of the product – in Manufacturing... (More)
- This empirical paper uses modern methodology and techniques to analyze old and ongoing scholarly disagreements about the nature of Industrial Revolution. It analyzes the Industrial Revolution in Sweden and to find out whether it supports the traditional or revisionist view of the Industrial Revolution through quantitative time-series methodology and techniques such as cointegration analysis, Vector Error Correction Model, which isolates short-run from long-run relationships between variables under study, and Vector Autoregressive Model. Using data on labor productivity in Manufacturing and Building and Construction Industries as well as data on real product wage – nominal wage deflated by the price of the product – in Manufacturing Industry and Handicrafts, the results in this paper suggest that the “revolution” was not immediately widespread as many of the short-run effects in productivity in one sector on the productivity in other sectors are economically and statistically insignificant. The evidences presented in this paper support the revisionist rather than the traditional view of the Industrial Revolution. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/3878538
- author
- Corpuz, Jose Rowell LU
- supervisor
- organization
- course
- EKHR92 20131
- year
- 2013
- type
- H2 - Master's Degree (Two Years)
- subject
- keywords
- Industrial Revolution, Labor Productivity, Real Product Wage, Cointegration Analysis, Vector Error Correction Model
- language
- English
- id
- 3878538
- date added to LUP
- 2013-08-23 15:36:01
- date last changed
- 2013-08-23 15:36:01
@misc{3878538, abstract = {{This empirical paper uses modern methodology and techniques to analyze old and ongoing scholarly disagreements about the nature of Industrial Revolution. It analyzes the Industrial Revolution in Sweden and to find out whether it supports the traditional or revisionist view of the Industrial Revolution through quantitative time-series methodology and techniques such as cointegration analysis, Vector Error Correction Model, which isolates short-run from long-run relationships between variables under study, and Vector Autoregressive Model. Using data on labor productivity in Manufacturing and Building and Construction Industries as well as data on real product wage – nominal wage deflated by the price of the product – in Manufacturing Industry and Handicrafts, the results in this paper suggest that the “revolution” was not immediately widespread as many of the short-run effects in productivity in one sector on the productivity in other sectors are economically and statistically insignificant. The evidences presented in this paper support the revisionist rather than the traditional view of the Industrial Revolution.}}, author = {{Corpuz, Jose Rowell}}, language = {{eng}}, note = {{Student Paper}}, title = {{Traditional Versus Revisionist: The Case of the Industrial Revolution in Sweden, 1830-1980}}, year = {{2013}}, }