As a result of recent work on historical national accounting, it is now possible to establish more firmly the timing of the Great Divergence of living standards between Europe and Asia in the eighteenth century. There was a European Little Divergence as Britain and the Netherlands overtook Italy and Spain, and an Asian Little Divergence as Japan overtook China and India. The Great Divergence occurred because Japan grew more slowly than Britain and the Netherlands starting from a lower level, and because of a strong negative growth trend in Qing dynasty China. A growth accounting framework is used by Stephen Broadberry to assess the contributions of labour, human and physical capital, land and total factor productivity. In addition to these proximate sources, the roles of institutions and geography are examined as the ultimate sources of the divergent growth patterns. In this Webinar, Stephen will share his recent findings.
Live on Zoom on July 16, 2020
09:00 London | 16:00 Hong Kong/Beijing/Singapore | 17:00 Tokyo | 18:00 Sydney
Photo credit:ID 8249462 © Feodor Vasilevich Korolevsky | Dreamstime.com
Quantitative History Webinar Series
A new knowledge exchange platform for researchers and students in the field of Economic History. Our interactive Webinars help researchers, teachers and students keep up to date with the latest research in the field. The Quantitative History Webinar Series is co-organized by the Asia Global Institute and Faculty of Business and Economics at HKU, and proudly supported by the International Society for Quantitative History.
Convenor: Professor Zhiwu Chen, HKU Business School and Asia Global Institute
Coordinator: Dr. Chicheng Ma, HKU Business School