Made in america?
Subtitle: the new world, the old, and the industrial revolution
By: Gregory Clark, Kevin H. O'Rourke, Alan M. Taylor.
Contributors: O'Rourke, Kevin H.; Taylor, Alan M., 1964-; National Bureau of Economic Research.
Series: NBER working paper series -- working paper 14077; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 14077.
Publisher: National Bureau of Economic Research
Published: 2008
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "For two decades, the consensus explanation of the British Industrial Revolution has placed technological change and the supply side at center stage, affording little or no role for demand or overseas trade.  Recently, alternative explanations have placed an emphasis on the importance of trade with New World colonies, and the expanded supply of raw cotton it provided.  We test both hypotheses using calibrated general equilibrium models of the British economy and the rest of the world for 1760 and 1850.  Neither claim is supported.  Trade was vital for the progress of the industrial revolution; but it was trade with the rest of the world, not the American colonies, that allowed Britain to export its rapidly expanding textile output and achieve growth through extreme specialization in response to shifting comparative advantage"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 7/11/2008.

Includes bibliographical references.

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