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Two centuries of economic growth: Norwegian GDP 1816-2020

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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.

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  • 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
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    References listed on IDEAS

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    1. Ola Honningdal Grytten, 2015. "Norwegian gross domestic product by industry 1830 - 1930," Working Paper 2015/19, Norges Bank.
    2. Rodney Edvinsson, 2013. "New annual estimates of Swedish GDP, 1800–2010," Economic History Review, Economic History Society, vol. 66(4), pages 1101-1126, November.
    3. Jan Tore Klovland, 2015. "Measuring trends and cycles in industrial production in Norway 1896-1948," Working Paper 2015/18, Norges Bank.
    4. 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.
    5. 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.
    6. 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.
    7. 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.
    8. 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.
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    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.

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    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

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