Persistent but not consistent: The growth of national income in Holland 1347–1807

when 2012
who Jan Luiten van Zanden

Bas van Leeuwen

what journal Explorations in Economic History
what paper Persistent but not consistent: The growth of national income in Holland 1347–1807
language English

involved project member(s)

Bas van Leeuwen
 

abstract

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.

keywords

Holland; GDP;Schumpeterian growth; Smithian growth; Growth accounting

link to paper page of the journal website

http://www.sciencedirect.com/science/article/pii/S0014498311000611

citation format

MLA Van Zanden, Jan Luiten, and Bas Van Leeuwen. “Persistent but not consistent: The growth of national income in Holland 1347–1807.” Explorations in economic history 49.2 (2012): 119-130.
APA Van Zanden, J. L., & Van Leeuwen, B. (2012). Persistent but not consistent: The growth of national income in Holland 1347–1807. Explorations in economic history, 49(2), 119-130.
Chicago Van Zanden, Jan Luiten, and Bas Van Leeuwen. “Persistent but not consistent: The growth of national income in Holland 1347–1807.” Explorations in economic history 49, no. 2 (2012): 119-130.
Harvard Van Zanden, J.L. and Van Leeuwen, B., 2012. Persistent but not consistent: The growth of national income in Holland 1347–1807. Explorations in economic history, 49(2), pp.119-130.
Vancouver Van Zanden JL, Van Leeuwen B. Persistent but not consistent: The growth of national income in Holland 1347–1807. Explorations in economic history. 2012 Apr 30;49(2):119-30.