We draw lessons from the success stories of economic development in the past for policymakers today
Our research seeks to explain comparative long-run growth performance. A significant part of our work has been to build on and extend existing data to understand the reasons for growth performance over time. Since the beginning of CAGE, we have developed substantial new data and analysis on Gross Domestic Product (GDP) in Britain between 1270 and 1870. We have also put together and researched regional GDP data across Europe, enabling economists to better understand how modern economies have developed over time.
We use historical analysis to inform debate about economic challenges in the contemporary world. Our research often looks back over longer periods than most policymakers normally take into consideration. As such, we have drawn out new lessons for modern governments. For example, we have highlighted lessons from the financial crisis of the 1930s to inform policymakers how they should respond to the 2008 banking crash; uncovered the long term effect of forced migration on educational attainment; and investigated market potential and global growth over the long twentieth century. We have also contributed to a 45 year project on the Industrialisation of the Soviet Union (1929-39).
Stephen is Professor of Economic History at Nuffield College, Oxford.
James is Professor of Economics at the University of Warwick.
Current and future research
Economic history goes digital: we are developing a website to host the substantial data we have developed and compiled over the past ten years. In addition to our extensive datasets on British and European GDP, the site will also host Indian Census data, Indian firm level data and data on trade. Users will be able to download the datasets, look at our data visualisations, and learn more about our findings. The site will be a significant resource for economic historians and economists alike.
- Forging Ahead, Falling Behind and Fighting Back: British Economic Growth from the Industrial Revolution to the Financial Crisis, Nicholas Crafts, CUP, 2018
The Economics of the Great War: A Centennial Perspective, Stephen Broadberry and Mark Harrison (eds), CEPR, 2018
- The Green Revolution and Infant Mortality in India, James Fenske, Prashant Bharadwaj, Namrata Kala and Rinchan Ali Mirza, Journal of Health Economics, forthcoming
- Falling Behind and Catching up: India's Transition from a Colonial Economy, Bishnupriya Gupta, Economic History Review, 2019
- Forced migration and human capital: evidence from Post-WWII population, Sascha O. Becker, Irena Grosfeld, Pauline Grosjean, Nico Voigtländer, Ekaterina Zhuravskaya, American Economic Review, forthcoming
- Japan and the Great divergence, 725-1874, Jean-Pascal Bassino, Stephen Broadberry, Kyoji Fukao, Bishnupriya Gupta, Masanori Takashima, Explorations in Economic History, 2019
- Market potential and global growth over the long twentieth century, David S. Jacks, Dennis Novy, Journal of International Economics, 2018
- The wind of change: Maritime technology, trade and economic development, Luigi Pascali, American Economic Review, 2017
- French and British colonial legacies in education: Evidence from the partition of Cameroon, Yannick Dupraz, Journal of Economic History, 2019
- Reshaping infrastructure: Evidence from the division of Germany, Marta Santamaria, working paper, 2020
Stereotypes in highstakes decisions: Evidence from U.S Circuit Courts, Elliott Ash, Daniel Chen, Arianna Ornaghi, working paper, 2020
10 years of policy-driven economic history research
Sascha Becker, Professor of Economics at Monash and Warwick, provides an overview of our research highlights.
Coronavirus: lessons from history
Contributions from Economic Historians, including CAGE associates, on the covid-19 pandemic: