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Three Phases of Dutch Economic Growth and Technological Change, 1815-1997

Author

Listed:
  • Smits, J.P.
  • de Jong, H.
  • van Ark, B.

Abstract

In this paper we analyze the dynamics of Dutch economic growth for the period 1815-1997. By applying a simple econometric technique, important breaking points in the time series 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.

Suggested Citation

  • Smits, J.P. & de Jong, H. & van Ark, B., 1999. "Three Phases of Dutch Economic Growth and Technological Change, 1815-1997," Papers gd-42, Groningen State, Institute of Economic Research-.
    • Handle: RePEc:fth:gronig:gd-42
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    Cited by:

    1. Abe de Jong & Wilco Legierse, 2022. "What causes hot markets for equity IPOs? An analysis of initial public offerings in the Netherlands, 1876–2015 [Market timing and capital structure]," European Review of Economic History, European Historical Economics Society, vol. 26(2), pages 208-233.

    More about this item

    Keywords

    ECONOMIC GROWTH ; TECHNOLOGICAL CHANGE;

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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