Sweet Business – Quantifying the Value-Added in the British Colonial Sugar Trade in the Eighteenth Century

Rönnbäck, Klas, 1974 (author): Gothenburg University,Göteborgs universitet,Institutionen för ekonomi och samhälle, Ekonomisk historia,Department of Economy and Society, Economic History

(creator_code:org_t)

2014
2014
English.
In: Revista de Historia Económica - Journal of Iberian and Latin American Economic History. - 0212-6109. ; 32:2, s. 223-245

Related links:: https://gup.ub.gu.se...; show more...; https://doi.org/10.1...; show less...

Abstract Subject headings

There has been a lot of research into the economic contribution of the periphery to European economic development during the early modern era. This paper estimates quantitatively the value-added in the sugar trade from the Caribbean to Britain in the eighteenth century. The trade generated a value equivalent to around one per cent of British GDP by the early eighteenth century, growing to four per cent of GDP a century later. The results show that the sugar trade constituted a dynamic and rapidly growing part of the British economy, most importantly the tertiary sector.

About the subject

SOCIAL SCIENCES: SOCIAL SCIENCES; and Economics and Bu ...; and Economic History

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