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Business cycles in the Netherlands, 1815-1913

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  • Jacobs, Jan
  • Smits, Jan-Pieter

    (Groningen University)

Abstract

This article exploits a unique new dataset containing information on the economy of the Netherlands to date business cycles turning points in the 19th century (1815-1913) using a modern econometric technique. The business cycle in the Netherlands is compared to the international (UK and US) business cycle for the second half of the sample. We conclude that business cycles do exist in the Netherlands in the 19th century – even before 1870. The Netherlands follows the international business cycle before 1870 and after 1890. In the in-between period the Dutch production could not meet both domestic demand and export demand.

Suggested Citation

  • Jacobs, Jan & Smits, Jan-Pieter, 2001. "Business cycles in the Netherlands, 1815-1913," Research Report 01C52, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    • Handle: RePEc:gro:rugsom:01c52
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    References listed on IDEAS

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    1. repec:bla:jecsur:v:13:y:1999:i:5:p:551-76 is not listed on IDEAS
    2. Bonenkamp, Jan & Jacobs, Jan & Kuper, Gerard H., 2001. "Measuring business cycles in The Netherlands, 1815-1913: a comparison of business cycle dating methods," Research Report 01C25, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    3. Bruce E. Hansen, 2000. "Sample Splitting and Threshold Estimation," Econometrica, Econometric Society, vol. 68(3), pages 575-604, May.
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    5. Hansen,B.E., 1999. "Testing for linearity," Working papers 7, Wisconsin Madison - Social Systems.
    6. Smits, J.P., 2000. "The determinants of productivity growth in Dutch manufacturing, 1815–1913," European Review of Economic History, Cambridge University Press, vol. 4(2), pages 223-246, August.
    7. Smits, Jan-Pieter & Horlings, Edwin & Zanden, Jan Luiten van, "undated". "Dutch GNP and its components, 1800-1913," GGDC Research Memorandum No.5, Groningen Growth and Development Centre, University of Groningen.
    8. repec:dgr:rugggd:no.5 is not listed on IDEAS
    9. Jacobs, Jan & Smits, Jan-Pieter, 2001. "Business cycles in the Netherlands, 1815-1913," Research Report 01C52, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    10. repec:dgr:rugsom:01c25 is not listed on IDEAS
    11. repec:dgr:rugsom:01c52 is not listed on IDEAS
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    1. repec:dgr:rugsom:01c52 is not listed on IDEAS
    2. Marinko Škare & Lorena Mošnja-Škare, 2015. "Gibson paradox revisited - liquidity chain effect," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 16(3), pages 510-528, June.
    3. Jacobs, Jan & Smits, Jan-Pieter, 2001. "Business cycles in the Netherlands, 1815-1913," Research Report 01C52, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    4. Škare, Marinko & Mošnja-Škare, Lorena, 2019. "Economic policy implications of the Gibson Law in the Netherlands (1800–2012)," Journal of Policy Modeling, Elsevier, vol. 41(5), pages 926-942.
    5. van den Berg, Gerard J. & Gupta, Sumedha, 2015. "The role of marriage in the causal pathway from economic conditions early in life to mortality," Journal of Health Economics, Elsevier, vol. 40(C), pages 141-158.

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