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The Macro-dynamics of the Dutch Economy 1800-1913

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  • J.P.G. Reijnders
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    Abstract

    This paper presents a quantitative analysis of recently published Dutch national income statistics 1800-1913. An effort is made to identify Kondratieff waves in volume series relating to gross domestic product and expenditure. It is found that Kondratieff waves can be identified in most series. An interesting result is that the long waves in volume series appear to run contrary to the long waves in price series. This finding is at variance with the received view on long waves. It is argued that this typical result may be explained with reference to the so-called ‘Keynes effect’.

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    File URL: http://dspace.library.uu.nl/bitstream/handle/1874/275115/04-18.pdf
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    Bibliographic Info

    Paper provided by Utrecht School of Economics in its series Working Papers with number 04-18.

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    Date of creation: 2004
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    Handle: RePEc:use:tkiwps:0418

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    Related research

    Keywords: Trends; Long Waves; National Income Statistics; The Netherlands; Fourier Analysis;

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    1. Mokyr, Joel, 1974. "The Industrial Revolution in the Low Countries in the First Half of the Nineteenth Century: A Comparative Case Study," The Journal of Economic History, Cambridge University Press, vol. 34(02), pages 365-391, June.
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