IDEAS home Printed from https://ideas.repec.org/p/hhs/nhheco/2020_010.html
   My bibliography  Save this paper

Two centuries of economic growth: Norwegian GDP 1816-2020

Author

Listed:

Abstract

Existing historical GDP series for Norway do not always coincide with our historical knowledge of the economic development. This is to a large extent a result of lack of calculations from the production side and in addition to insufficient data sets upon which these series rest. The present paper offers new knowledge of historical national accounting in Norway in several ways. Firstly, a new and novel set of annual gross domestic product series by industry are presented for the period 1816-2019. Secondly, the new estimations suggest revision of the long-run GDP series. Thirdly, this implies it is necessary to revise our understanding of parts of Norwegian economic history.

Suggested Citation

  • Grytten, Ola Honningdal, 2020. "Two centuries of economic growth: Norwegian GDP 1816-2020," Discussion Paper Series in Economics 10/2020, Norwegian School of Economics, Department of Economics.
    • Handle: RePEc:hhs:nhheco:2020_010
    as

    Download full text from publisher

    File URL: https://hdl.handle.net/11250/2659008
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ola Honningdal Grytten, 2015. "Norwegian gross domestic product by industry 1830 - 1930," Working Paper 2015/19, Norges Bank.
    2. Ola Honningdal Grytten, 2020. "Revising price history: consumer price index for Norway 1492–2018," Scandinavian Economic History Review, Taylor & Francis Journals, vol. 68(2), pages 129-144, May.
    3. Rodney Edvinsson, 2013. "New annual estimates of Swedish GDP, 1800–2010," Economic History Review, Economic History Society, vol. 66(4), pages 1101-1126, November.
    4. Jan Tore Klovland, 2015. "Measuring trends and cycles in industrial production in Norway 1896-1948," Working Paper 2015/18, Norges Bank.
    5. Klovland, Jan T., 1998. "Monetary policy and business cycles in the interwar years: The Scandinavian experience," European Review of Economic History, Cambridge University Press, vol. 2(3), pages 309-344, December.
    6. Jan Tore Klovland, 2014. "New methods for construction of historical price indices, with an illustration from Norway, 1777–1920," European Review of Economic History, European Historical Economics Society, vol. 18(3), pages 277-305.
    7. Klovland, Jan Tore, 2014. "Challenges for the construction of historical price indices: The case of Norway, 1777-1920," Discussion Paper Series in Economics 5/2014, Norwegian School of Economics, Department of Economics.
    8. Grytten, Ola Honningdal & Hunnes, Arngrim, 2014. "An anatomy of financial crises in Norway, 1830–2010," Financial History Review, Cambridge University Press, vol. 21(1), pages 25-57, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Grytten, Ola Honningdal & Lindmark, Magnus & Minde, Kjell Bjørn, 2020. "Energy Intensity and the Environmental Kuznets Curve," Discussion Paper Series in Economics 11/2020, Norwegian School of Economics, Department of Economics.
    2. Grytten, Ola Honningdal, 2020. "The Wealth of a Nation: Norways Road to Prosperity," Discussion Paper Series in Economics 17/2020, Norwegian School of Economics, Department of Economics.
    3. Hunnes, John A. & Honningdal Grytten, Ola, 2021. "Resource Rent, Environment and Ethics in Norwegian Petroleum Policy," Discussion Paper Series in Economics 12/2021, Norwegian School of Economics, Department of Economics.
    4. Svitlana Khalatur & Yuliia Masiuk & Svitlana Kachula & Larysa Brovko & Oleksandr Karamushka & Inna Shramko, 2021. "Entrepreneurship development management in the context of economic security," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 9(1), pages 558-573, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Grytten, Ola Honningdal, 2020. "The Wealth of a Nation: Norways Road to Prosperity," Discussion Paper Series in Economics 17/2020, Norwegian School of Economics, Department of Economics.
    2. Mathy, Gabriel P. & Meissner, Christopher M., 2011. "Business cycle co-movement: Evidence from the Great Depression," Journal of Monetary Economics, Elsevier, vol. 58(4), pages 362-372.
    3. Bertil Holmlund, 2013. "Wage and employment determination in volatile times: Sweden 1913-1939," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 7(2), pages 131-159, May.
    4. Ola Honningdal Grytten, 2012. "Financial crises and monetary expansion," Working Paper 2011/21, Norges Bank.
    5. Palma, Nuno & Reis, Jaime, 2019. "From Convergence to Divergence: Portuguese Economic Growth, 1527–1850," The Journal of Economic History, Cambridge University Press, vol. 79(2), pages 477-506, June.
    6. Kim Abildgren, 2012. "Financial structures and the real effects of credit-supply shocks in Denmark 1922-2011," European Review of Economic History, European Historical Economics Society, vol. 16(4), pages 490-510, November.
    7. Kerstin Enflo & Anna Missiaia, 2020. "Between Malthus and the industrial take‐off: regional inequality in Sweden, 1571–1850," Economic History Review, Economic History Society, vol. 73(2), pages 431-454, May.
    8. David Andersson & Mounir Karadja & Erik Prawitz, 2022. "Mass Migration and Technological Change," Journal of the European Economic Association, European Economic Association, vol. 20(5), pages 1859-1896.
    9. Ola Honningdal Grytten, 2022. "Revising growth history: new estimates of GDP for Norway, 1816–2019," Economic History Review, Economic History Society, vol. 75(1), pages 181-202, February.
    10. Ola Grytten & Arngrim Hunnes, 2009. "The historical connection between short term output and prices in a small open economy," Working Paper 2009/21, Norges Bank.
    11. Gunnar Bårdsen & Jurgen Doornik & Jan Tore Klovland, 2004. "A European-type wage equation from an American-style labor market: Evidence from a panel of Norwegian manufacturing industries in the 1930s," Working Paper 2004/4, Norges Bank.
    12. da Rocha, Bruno T. & Solomou, Solomos, 2015. "The effects of systemic banking crises in the inter-war period," Journal of International Money and Finance, Elsevier, vol. 54(C), pages 35-49.
    13. Kojić, Milena & Schlüter, Stephan & Mitić, Petar & Hanić, Aida, 2022. "Economy-environment nexus in developed European countries: Evidence from multifractal and wavelet analysis," Chaos, Solitons & Fractals, Elsevier, vol. 160(C).
    14. Daniel Waldenström, 2021. "Wealth and History: An Update," CESifo Working Paper Series 9366, CESifo.
    15. Mounir Karadja & Erik Prawitz, 2019. "Exit, Voice, and Political Change: Evidence from Swedish Mass Migration to the United States," Journal of Political Economy, University of Chicago Press, vol. 127(4), pages 1864-1925.
    16. Rodney Benjamin Edvinsson, 2017. "The response of vital rates to harvest fluctuations in pre-industrial Sweden," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 11(2), pages 245-268, May.
    17. Edvinsson, Rodney, 2015. "Pre-industrial population and economic growth: Was there a Malthusian mechanism in Sweden?," Stockholm Papers in Economic History 17, Stockholm University, Department of Economic History.
    18. Ola Grytten & Arngrim Hunnes, 2009. "Price stability and inflation persistence during the international gold standard: The Scandinavian case," Working Paper 2009/20, Norges Bank.
    19. Kerstin Enflo & Anna Missiaia, 2018. "Regional GDP estimates for Sweden, 1571–1850," Historical Methods: A Journal of Quantitative and Interdisciplinary History, Taylor & Francis Journals, vol. 51(2), pages 115-137, April.
    20. Martin Ivanov & Kaloyan Ganev & Ralitsa Simeonova-Ganeva, 2022. "Long-term Consumer Price Dynamics in Bulgaria, 1750–2020," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 7, pages 23-39, November.

    More about this item

    Keywords

    Historical national accounting; national accounts; industrial development; Norwegian economic history;
    All these keywords.

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhs:nhheco:2020_010. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Karen Reed-Larsen (email available below). General contact details of provider: https://edirc.repec.org/data/sonhhno.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.