TY - JOUR
T1 - Persistent but not Consistent: The Growth of National Income in Holland 1347-1807
AU - van Zanden, J.L.
AU - van Leeuwen, B.
N1 - M1 - Article
PY - 2012
Y1 - 2012
N2 - In this paper we construct a detailed dataset of the national accounts of Holland (1347?1807). Using this dataset, we demonstrate that this economy was characterized by persistent economic growth caused by, depending on the period, structural change (share of industry and services in the economy increases), technological development, and factor substitution. During the entire period GDP per capita increased by on average 0.19% per year. This persistent growth, however, was highly unstable due largely to the importance of international services in the economy.
AB - In this paper we construct a detailed dataset of the national accounts of Holland (1347?1807). Using this dataset, we demonstrate that this economy was characterized by persistent economic growth caused by, depending on the period, structural change (share of industry and services in the economy increases), technological development, and factor substitution. During the entire period GDP per capita increased by on average 0.19% per year. This persistent growth, however, was highly unstable due largely to the importance of international services in the economy.
KW - Specialized histories (international relations, law)
KW - Literary theory, analysis and criticism
KW - Culturele activiteiten
KW - Overig maatschappelijk onderzoek
U2 - 10.1016/j.eeh.2011.11.002
DO - 10.1016/j.eeh.2011.11.002
M3 - Article
VL - 49
SP - 119
EP - 130
JO - Explorations in Economic History
JF - Explorations in Economic History
SN - 0014-4983
IS - 2
ER -