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Consumer demand in the Industrial Revolution: The Netherlands, 1815-1913

Author

Listed:
  • Bonenkamp, Jan P.M.
  • Jacobs, Jan P.A.M.
  • Smits, Jan-Pieter

    (Groningen University)

Abstract

The industrial revolution is mostly seen as a supply side phenomenon. Ever since Gilboy stated that factors of demand may have been equally important, scholars have stressed the importance of investments and technological change. This paper re-considers Gilboy?s ideas, using the dataset of the Dutch historical national accounts for the nineteenth century. Using a counterfactual VAR analysis, it is investigated to what extent changes in (determinants of) consumer demand may have affected patterns of industrial development.

Suggested Citation

  • Bonenkamp, Jan P.M. & Jacobs, Jan P.A.M. & Smits, Jan-Pieter, 2005. "Consumer demand in the Industrial Revolution: The Netherlands, 1815-1913," CCSO Working Papers 200507, University of Groningen, CCSO Centre for Economic Research.
    • Handle: RePEc:gro:rugccs:200507
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    References listed on IDEAS

    as
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