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Where Was the Wealth of the Nation? Measuring Swedish Capital for the 19th and 20th Centuries

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Abstract

This report presents estimates of the Swedish national wealth from 1830 to 2010. This contributes to economic historical research on structural change and growth, while it also supplements debates on the composition of wealth and incomes across countries. The report also includes for the first time a historical estimate of the Consumer Rate Interest CRI and an estimate of wealth based on surveys and insurance data. The report includes an extensive description and documentation of the historical estimates. The main findings are that the proportion of intangible capital grew before modern economic growth was achieved in Sweden during the 1890’s. Secondly, we show that the proportion of natural assets fell prior to and during the industrialization, while the share of produced capital has fluctuated, but has remained fairly stable over the period as a whole.

Suggested Citation

  • Lindmark, Magnus & Andersson, Lars Fredrik, 2014. "Where Was the Wealth of the Nation? Measuring Swedish Capital for the 19th and 20th Centuries," CERE Working Papers 2014:1, CERE - the Center for Environmental and Resource Economics.
  • Handle: RePEc:hhs:slucer:2014_001
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    File URL: http://www.cere.se/documents/wp/2014/CERE_WP2014-1.pdf
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    1. Prados de la Escosura, Leandro & Rosés, Joan R., 2010. "Human capital and economic growth in Spain, 1850-2000," Explorations in Economic History, Elsevier, vol. 47(4), pages 520-532, October.
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    11. David de la Croix & Thomas Lindh & Bo Malmberg, 2008. "Swedish economic growth and education since 1800," Canadian Journal of Economics, Canadian Economics Association, vol. 41(1), pages 166-185, February.
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    Cited by:

    1. Waldenström, Daniel, 2015. "The National Wealth of Sweden, 1810–2014," Working Paper Series 1088, Research Institute of Industrial Economics.
    2. Waldenström, Daniel, 2015. "The National Wealth of Sweden, 1810–2014," Working Paper Series, Center for Fiscal Studies 2015:5, Uppsala University, Department of Economics.
    3. Waldenström, Daniel, 2015. "The National Wealth of Sweden, 1810–2014," CEPR Discussion Papers 10882, C.E.P.R. Discussion Papers.

    More about this item

    Keywords

    capital stocks; national wealth; Historical national accounts; Sweden; Economic history;

    JEL classification:

    • N00 - Economic History - - General - - - General

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