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Consumer demand in the Industrial Revolution: The Netherlands, 1815-1913

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Author Info
Bonenkamp, Jan P.M.
Jacobs, Jan P.A.M.
Smits, Jan-Pieter (Groningen University)

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Abstract

The industrial revolution is mostly seen as a supply side phenomenon. Ever since Gilboy stated that factors of demand may have been equally important, scholars have stressed the importance of investments and technological change. This paper re-considers Gilboy?s ideas, using the dataset of the Dutch historical national accounts for the nineteenth century. Using a counterfactual VAR analysis, it is investigated to what extent changes in (determinants of) consumer demand may have affected patterns of industrial development.

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File URL: http://irs.ub.rug.nl/ppn/287807770
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Paper provided by University of Groningen, CCSO Centre for Economic Research in its series CCSO Working Papers with number 200507.

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Date of creation: 2005
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Handle: RePEc:dgr:rugccs:200507

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