Steam as a General Purpose Technology: A Growth Accounting Perspective

By Nicholas Crafts. 2004

298 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/7a6792db6cbdc638a18eab57e12deead0f5ea6d3

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Citations in the corpus

Broadband Infrastructure and Economic Growth (2011, background): “Crafts (2004) shows that the contribution of steam power as an example of GPT to productivity growth has been considerable and probably exceeds the productivity and growth effects of public infrastructure investment (Gramlich 1994).”
AI and the Economy (2018, unknown): “For example, Crafts (2004) documents the effects of steam engine technol‑ ogy on productivity in the United Kingdom in the nineteenth century.”
A low carbon industrial revolution? Insights and challenges from past technological and economic transformations (2012, background): “6 Computing costs halved between 1950 and 2005, for example (Nordhaus, 2007), whereas the cost of steam power fell by only about 7/8ths between 1760 and 1910 (Crafts, 2004, 2010b).”
The rebound effect: an assessment of the evidence for economy-wide energy savings from improved energy efficiency (2007, methodology): “Compared to the early Newcomen engine, the Watt engine used only 2/5 of the amount of coal per unit of output, while compared to the early Watt engine, high pressure steam turbines in the earlier 20th-century used only one sixth (Crafys, 2003).”
The Role of Energy in the Industrial Revolution and Modern Economic Growth (2012, background): “Similarly, Crafts (2004) ﬁnds a fairly small contribution from steam to British economic growth but he only takes into account the contributions of steam through accumulation of capital in steam-intensive industries such as railways and the growth of TFP in the production of steam-using capital…”
Robots at Work (2015, unknown): “…fairly similar to the estimated total contribution of steam technology to British annual labor productivity growth of around 0.35 percentage point (Crafts, 2004) from 1850 to 1910, a period that is about four times longer than the period we study, although robots’ contribution could well continue…”
Engels' pause: Technical change, capital accumulation, and inequality in the british industrial revolution (2009, background): “Their impact was reinforced by a supporting boost from rising agricultural productivity and further inventions like the power loom, the railroad, and the application of steam power more generally (Crafts, 2004).”
Coal and the European Industrial Revolution (2014, unknown): “Steam accounted for 35,000 out of the 170,000 horsepower installed in Britain in 1800; for 165,000 out of 350,000 in 1830; for 2,060,000 out of 2,300,000 in 1870; and for 9,659,000 out of 9,842,000 in 1907 (Crafts, 2004, p. 342).”