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Annual Estimates of Swedish GDP in 1720-1800

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Abstract

For the period 1800 onwards, annual figures over GDP and GDP per capita for Sweden have been presented in different studies. For the 18th century no such annual series exist. The aim of this paper is to present annual data on GDP and GDP per capita in volume values for Sweden for the whole period 1720-1800. Only very rough estimates are provided, which are not based on any disaggregation of the different components of GDP. To estimate annual fluctuations, four different indicators are used: changes in the official accounts of harvests, marriage rates, the price of rye and import of un-milled grains. When investigating the long-term trends, the conclusion is that there was only a very modest increase in GDP per capita over the studied period. The growth of the GDP per capita became substantial not until the mid 19th century. However, GDP grew significantly during the studied period, but this growth mainly took the form of population growth. This in itself constituted a kind of technological progress, allowing a larger population per unit of land without a significant decrease in per capita production.

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  • Edvinsson, Rodney, 2005. "Annual Estimates of Swedish GDP in 1720-1800," Ratio Working Papers 70, The Ratio Institute.
  • Handle: RePEc:hhs:ratioi:0070
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    File URL: http://www.ratio.se/pdf/wp/re_gdp.pdf
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    1. Bohlin, Jan, 2003. "Swedish historical national accounts: The fifth generation," European Review of Economic History, Cambridge University Press, vol. 7(01), pages 73-97, April.
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    Cited by:

    1. U. Michael Bergman & Lars Jonung, 2011. "Business Cycle Synchronization In Europe: Evidence From The Scandinavian Currency Union," Manchester School, University of Manchester, vol. 79(2), pages 268-292, March.
    2. Edvinsson, Rodney, 2008. "Harvests, prices and population in early modern Sweden," Stockholm Papers in Economic History 1, Stockholm University, Department of Economic History.

    More about this item

    Keywords

    GDP; 18th century; Sweden; economic growth; national accounts; economic history;

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N53 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: Pre-1913
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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