CERE Working Papers, CERE - the Center for Environmental and Resource Economics
Where Was the Wealth of the Nation? Measuring Swedish Capital for the 19th and 20th Centuries
() and Lars Fredrik Andersson
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.
Keywords: capital stocks; national wealth; Historical national accounts; Sweden; Economic history; (follow links to similar papers)
JEL-Codes: N00; (follow links to similar papers)
47 pages, January 13, 2014
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