GDP in the Dutch Cape Colony: The national accounts of a slave-based society
New estimates of GDP of the Dutch Cape Colony (1652-1795) suggest that the Cape was one of the most prosperous regions during the eighteenth century. This stands in sharp contrast to the perceived view that the Cape was an “economic and social backwater”, a slave economy with slow growth and little progress. Following a national accounts framework, we find that Cape settlers’ per capita income is similar to the most prosperous countries of the time – Holland and England. We trace the roots of this result, showing that it is partly explained by a highly skewed population structure and very low dependency ratio of slavery, and attempt to link the eighteenth century Cape Colony experience to twentieth century South African income levels.
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17/2009, Stellenbosch University, Department of Economics.
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- Johan Fourie & Dieter von Fintel, 2009. "The dynamics of inequality in a newly settled, preindustrial society: The case of the Cape Colony," Working Papers 134, Economic Research Southern Africa.
- Willem Boshoff & Johan Fourie, 2008. "Explaining ship traffic fluctuations in the early Cape settlement: 1652–1793," Working Papers 01/2008, Stellenbosch University, Department of Economics.
- repec:cup:cbooks:9780521616416 is not listed on IDEAS
- Johan Fourie, 2013. "The remarkable wealth of the Dutch Cape Colony: measurements from eighteenth-century probate inventories," Economic History Review, Economic History Society, vol. 66(2), pages 419-448, 05.
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- Willem H Boshoff & Johan Fourie, 2008.
"The significance of the Cape trade route to economic activity in the Cape colony: a medium-term business cycle analysis,"
23/2008, Stellenbosch University, Department of Economics.
- Boshoff, Willem H. & Fourie, Johan, 2010. "The significance of the Cape trade route to economic activity in the Cape Colony: a medium-term business cycle analysis," European Review of Economic History, Cambridge University Press, vol. 14(03), pages 469-503, December.
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- repec:cup:cbooks:9780521850919 is not listed on IDEAS
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