Abstract
AbstractThe contributions to this Special Issue present the state of the art of growth accounting in economic history, exhibiting its strengths and weaknesses. Three set of articles compose the issue: comparative papers that discuss the challenges ahead, long‐run perspectives on Britain since the Industrial Revolution, Japan, Italy and Spain from the late‐19th century, and Latin America during the 200 years since independence, and post‐World War II episodes under Soviet and Fabian socialism and the transition to market economies in Eastern Europe and India. The papers reveal how sensitive the interpretation of results is to the quality of output and inputs and the growth accounting procedure employed and the need to adopt the new developments in growth accounting to improve economic history narrative.
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