Smits, Jan Pieter Jong, Herman de Ark, Bart van (Groningen University)
Abstract
In this paper we analyze the dynamics of Dutch economic growth for the period 1815-1997. By applying a simple econometric technique, important braking points in the timeseries are traced. It seems that three phases of growth can be discerned and that these phases are characterized by different types of technology (steam, electricity as well as information and communication technology). The Dutch economy has not generated an overall productivity improvement from the first and third technological phase, but has been successful in exploiting the technological opportunities of the second phase.
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Publisher Info
Paper provided by Groningen Growth and Development Centre, University of Groningen in its series GGDC Research Memorandum with number
199942.