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Real output in Switzerland: new estimates for 1914-47

Author

Listed:
  • Felix Andrist
  • Richard G. Anderson
  • Marcela M. Williams

Abstract

In this article, Felix A, Andrist, Richard G. Anderson, and Marcela Williams provide, for the first time, an estimate of the real gross domestic product of Switzerland between 1914 and 1947. The estimate is obtained from published data on three other measures of Swiss economic activity during this period: net national product, industrial production, and the transport volume of Swiss railroads. These underlying series closely represent the economic growth of Switzerland; but, they also seem unreasonably volatile as proxy measures of total production, and hence, are filtered by moving averages. Although such smoothing might reduce the accuracy of the estimates, comparisons to U.S. data suggest any such loss is small.

Suggested Citation

  • Felix Andrist & Richard G. Anderson & Marcela M. Williams, 2000. "Real output in Switzerland: new estimates for 1914-47," Review, Federal Reserve Bank of St. Louis, issue May, pages 43-70.
  • Handle: RePEc:fip:fedlrv:y:2000:i:may:p:43-70:n:v.82no.3
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    References listed on IDEAS

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    1. Balke, Nathan S & Gordon, Robert J, 1989. "The Estimation of Prewar Gross National Product: Methodology and New Evidence," Journal of Political Economy, University of Chicago Press, vol. 97(1), pages 38-92, February.
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    Cited by:

    1. Marius Brulhart & Didier Dupertuis & Elodie Moreau, 2016. "Inheritance Flows in Switzerland, 1911-2011," Cahiers de Recherches Economiques du Département d'Econométrie et d'Economie politique (DEEP) 16.05, Université de Lausanne, Faculté des HEC, DEEP.
    2. repec:mbr:jmonec:v:5:y:2009:i:3:p:81-127 is not listed on IDEAS
    3. Gebhard Kirchgässner & Silika Prohl, 2008. "Sustainability of Swiss Fiscal Policy," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 144(I), pages 57-83, March.
    4. repec:spr:sjecst:v:154:y:2018:i:1:d:10.1186_s41937-017-0012-9 is not listed on IDEAS
    5. Barbara Rudolf & Mathias Zurlinden, 2009. "Measuring Capital Stocks and Capital Services in Switzerland," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 145(I), pages 61-105, March.

    More about this item

    Keywords

    Gross national product ; Switzerland;

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