Persistent but not Consistent: The Growth of National Income in Holland 1347-1807

J.L. van Zanden, B. van Leeuwen

Onderzoeksoutput: Bijdrage aan wetenschappelijk tijdschrift/periodieke uitgaveArtikelWetenschappelijkpeer review

Samenvatting

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.
Originele taal-2Engels
Pagina's (van-tot)119-130
Aantal pagina's12
TijdschriftExplorations in Economic History
Volume49
Nummer van het tijdschrift2
DOI's
StatusGepubliceerd - 2012

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