Lund Papers in Economic History, Department of Economic History, Lund University
Swedish GDP 1300-1560: A Tentative Estimate
Abstract: This study presents a reconstruction of historical
national accounts for Sweden 1300-1560. The source material for this period
is very scanty and, therefore, many estimates and approximations were
necessary. For agriculture the so called demand approach was used, implying
utilization of price series and assumptions on price, income and cross
elasticities. Furthermore, population figures had to be estimated. For the
other sectors estimations of various kinds also had to be made.
Nevertheless, the series for GDP and GDP per capita give a fairly
reasonable picture of the economic performance. Sweden’s GDP per capita in
relation to some other countries is also discussed. The country seems to
have been at about the same level as England. A forward glance indicates
that Sweden’s economy stagnated in the 18th century and became backward
compared to England and Holland. It was first after some decades of the
19th century that a recovery came and a fast economic growth started.
Keywords: historical national accounts; GDP; demand approach; deflating; (follow links to similar papers)
JEL-Codes: N13; O10; O47; (follow links to similar papers)
33 pages, February 7, 2017
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