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GDP in the Dutch Cape Colony: The national accounts of a slave-based society

Author

Listed:
  • Johan Fourie

    () (Department of Economics, University of Stellenbosch, Utrecht University)

  • Jan Luiten van Zanden

    () (University of Stellenbosch, Centre for Global Economic History, Utrecht University)

Abstract

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.

Suggested Citation

  • Johan Fourie & Jan Luiten van Zanden, 2012. "GDP in the Dutch Cape Colony: The national accounts of a slave-based society," Working Papers 04/2012, Stellenbosch University, Department of Economics.
  • Handle: RePEc:sza:wpaper:wpapers156
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    File URL: https://www.ekon.sun.ac.za/wpapers/2012/wp042012/wp-04-2012.pdf
    File Function: First version, 2012
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    References listed on IDEAS

    as
    1. Johan Fourie & Dieter von Fintel, 2010. "A History With Evidence: Income inequality in the Dutch Cape Colony," Working Papers 184, Economic Research Southern Africa.
    2. Sophia du Plessis & Stan du Plessis, 2012. "Happy in the service of the Company: the purchasing power of VOC salaries at the Cape in the 18th century," Working Papers 01/2012, Stellenbosch University, Department of Economics.
    3. Johan Fourie & Dieter von Fintel, 2010. "The dynamics of inequality in a newly settled, pre-industrial society: the case of the Cape Colony," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 4(3), pages 229-267, October.
    4. Feinstein,Charles H., 2005. "An Economic History of South Africa," Cambridge Books, Cambridge University Press, number 9780521850919, May.
    5. Allen, Robert C., 2001. "The Great Divergence in European Wages and Prices from the Middle Ages to the First World War," Explorations in Economic History, Elsevier, vol. 38(4), pages 411-447, October.
    6. Jan Luiten van Zanden & Bas van Leeuwen, 2011. "The Character of growth before 'modern economics growth'? The GDP of Holland between 1347 and 1807," Working Papers 0004, Utrecht University, Centre for Global Economic History.
    7. Johan Fourie & Stefan Schirmer, 2012. "The Future of South African Economic History," Working Papers 06/2012, Stellenbosch University, Department of Economics.
    8. Feinstein,Charles H., 2005. "An Economic History of South Africa," Cambridge Books, Cambridge University Press, number 9780521616416, May.
    9. 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.
    10. Pim de Zwart, 2011. "Real wages at the Cape of Good Hope: A long-term perspective, 1652-1912," Working Papers 0013, Utrecht University, Centre for Global Economic History.
    11. 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.
    12. 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, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Debt and development
      by Johan Fourie in Johan Fourie's Blog on 2012-05-04 18:24:39
    2. Debt and development
      by Johan Fourie in Johan Fourie's Blog on 2012-05-04 18:24:39
    3. Measuring progress
      by Johan Fourie in Johan Fourie's Blog on 2013-11-29 14:32:26

    Citations

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    Cited by:

    1. Jeanne Cilliers & Johan Fourie, 2017. "Social mobility during South Africa’s industrial take-off," Working Papers 04/2017, Stellenbosch University, Department of Economics.
    2. Jörg Baten & Johan Fourie, 2015. "Numeracy of Africans, Asians, and Europeans during the early modern period: new evidence from Cape Colony court registers," Economic History Review, Economic History Society, vol. 68(2), pages 632-656, May.
    3. Jerven, Morten & Austin, Gareth & Green, Erik & Uche, Chibuike & Frankema, Ewout & Fourie, Johan & Inikori, Joseph & Moradi, Alexander & Hillbom, Ellen, 2012. "Moving Forward in African Economic History. Bridging the Gap Between Methods and Sources," Lund Papers in Economic History 124, Lund University, Department of Economic History.
    4. Broadberry, Stephen & Gardner, Leigh, 2016. "Economic Development In Africa And Europe: Reciprocal Comparisons," Revista de Historia Económica, Cambridge University Press, vol. 34(01), pages 11-37, March.
    5. Willem H. Boshoff & Johan Fourie, 2015. "When did globalization begin in South Africa?," Working Papers 10/2015, Stellenbosch University, Department of Economics.
    6. Johan Fourie, 2011. "Slaves as capital investment in the Dutch Cape Colony, 1652-1795," Working Papers 21/2011, Stellenbosch University, Department of Economics.
    7. Sumner La Croix, 2016. "The Decline of the Khoikhoi Population, 1652-1780: A Review and a New Estimate," Working Papers 201622, University of Hawaii at Manoa, Department of Economics.
    8. Jörg Baten & Johan Fourie, 2012. "Slave numeracy in the Cape Colony and comparative development in the eighteenth century," Working Papers 270, Economic Research Southern Africa.
    9. Broadberry, Stephen & Gardner, Leigh, 2014. "African economic growth in a European mirror: a historical perspective," Economic History Working Papers 56493, London School of Economics and Political Science, Department of Economic History.
    10. Johan Fourie & Dieter Fintel, 2014. "Settler skills and colonial development: the Huguenot wine-makers in eighteenth-century Dutch South Africa," Economic History Review, Economic History Society, vol. 67(4), pages 932-963, November.

    More about this item

    Keywords

    South Africa; Slave; Income; Growth; GDP Per Capita; Production;

    JEL classification:

    • N37 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Africa; Oceania

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