期刊名称：Discussion Papers / Norwegian School of Economics and Business Administration
印刷版ISSN：0804-6824
出版年度：2015
卷号：2015
出版社：Bergen
摘要：We estimate a time series model of weather shocks on English wheat yields for the earlynineteenth century and use it to predict weather effects on yield levels from 1697 to 1871.This reveals that yields in the 1690s were depressed by unusually poor weather; and those inthe late 1850s were inflated by unusually good weather. This has led researchers tooverestimate the underlying growth of yields over the period by perhaps 50 per cent.Correcting for this effect would largely reconcile the conflicting primal and dual estimates ofproductivity growth over the period.
