DP14985 L'Histoire Immobile? A Reappraisal of French Economic Growth using the Demand-Side Approach, 1280-1850.
|Author(s):||Alessandro Nuvolari, Leonardo Ridolfi|
|Publication Date:||July 2020|
|Date Revised:||July 2020|
|Keyword(s):||: GDP, demand-side approach, economic growth, France|
|Programme Areas:||Economic History|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=14985|
We construct a new series of GDP per capita for France for the period 1280-1850 using the demand-side approach. Our estimates point to a long run stability of the French economy with a very gradual acceleration towards modern economic growth. In comparative perspective, our new estimates suggest that England and France were characterized by similar levels of economic performance until the second half of the seventeenth century. It is only after that period that the English economy "forges ahead" in a consistent way.