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Swedish GDP 1300-1560 : A Tentative Estimate

Krantz, Olle (2017) In Lund Papers in Economic History: General Issues
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... (More)
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. (Less)
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author
publishing date
type
Working Paper
publication status
published
keywords
historical national accounts, GDP, demand approach, deflating
in
Lund Papers in Economic History: General Issues
issue
152
pages
28 pages
publisher
Department of Economic History, Lund University
ISSN
1101-346X
language
English
LU publication?
no
id
51130cf2-885b-41d7-9dd2-1d2632288593
date added to LUP
2017-02-06 20:53:43
date last changed
2017-02-28 09:08:18
@misc{51130cf2-885b-41d7-9dd2-1d2632288593,
  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.},
  author       = {Krantz, Olle},
  issn         = {1101-346X},
  keyword      = {historical national accounts,GDP,demand approach,deflating},
  language     = {eng},
  note         = {Working Paper},
  number       = {152},
  pages        = {28},
  publisher    = {Department of Economic History, Lund University},
  series       = {Lund Papers in Economic History: General Issues},
  title        = {Swedish GDP 1300-1560 : A Tentative Estimate},
  year         = {2017},
}