IDEAS home Printed from https://ideas.repec.org/a/cup/jechis/v65y2005i03p613-657_00.html
   My bibliography  Save this article

A Compromise Estimate of German Net National Product, 1851–1913, and its Implications for Growth and Business Cycles

Author

Listed:
  • BURHOP, CARSTEN
  • WOLFF, GUNTRAM B.

Abstract

We develop a compromise estimate of the German Net National Product for the years 1851–1913 based on four estimates from Hoffmann (1965) and Hoffmann and Müller (1959) by recalculating industrial production, investment, home and foreign capital income. Because differences remain during the early decades, we compute a weighted average compromise series. Economic activity is shown to be higher than the older estimates suggest. The average growth rate is lower. The average business cycle lasted five years, with high volatility in the early decades. The typical Gründerzeit pattern of boom then prolonged recession after 1873 can not be confirmed.

Suggested Citation

  • Burhop, Carsten & Wolff, Guntram B., 2005. "A Compromise Estimate of German Net National Product, 1851–1913, and its Implications for Growth and Business Cycles," The Journal of Economic History, Cambridge University Press, vol. 65(3), pages 613-657, September.
    • Handle: RePEc:cup:jechis:v:65:y:2005:i:03:p:613-657_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0022050705000239/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jechis:v:65:y:2005:i:03:p:613-657_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/jeh .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.