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A Technique For Estimating Income Trends From Currency Data And An Application To Nineteenth‐Century Brazil

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  • Nathaniel H. Leff

Abstract

This paper develops a method for estimating long‐run trends in income growth from the data available on a country's currency stock. The method is applied to nineteenth‐centry Brazil. The results indicate that contrary to earlier beliefs, the country as a whole probably experienced only moderate growth in per‐capita income during the nineteenth century. The approach may also be useful for other countries where data shortages preclude estimates of national income by conventional methods.

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  • Nathaniel H. Leff, 1972. "A Technique For Estimating Income Trends From Currency Data And An Application To Nineteenth‐Century Brazil," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 18(4), pages 355-368, December.
    • Handle: RePEc:bla:revinw:v:18:y:1972:i:4:p:355-368
    DOI: 10.1111/j.1475-4991.1972.tb00962.x
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    Cited by:

    1. Paul Cashdm, 1995. "Economic Growth and Convergence Across the Seven Colonies of Australasia: 1861–1991," The Economic Record, The Economic Society of Australia, vol. 71(2), pages 132-144, June.
    2. José Díaz & Rolf Lüders & Gert Wagner, "undated". "Economía Chilena 1810-1995: Evolución Cuantitativa del Producto Total y Sectorial," Documentos de Trabajo 186, Instituto de Economia. Pontificia Universidad Católica de Chile..

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