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The Macro-dynamics of the Dutch Economy 1800-1913

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  • J.P.G. Reijnders

Abstract

This paper presents a quantitative analysis of recently published Dutch national income statistics 1800-1913. An effort is made to identify Kondratieff waves in volume series relating to gross domestic product and expenditure. It is found that Kondratieff waves can be identified in most series. An interesting result is that the long waves in volume series appear to run contrary to the long waves in price series. This finding is at variance with the received view on long waves. It is argued that this typical result may be explained with reference to the so-called ‘Keynes effect’.

Suggested Citation

  • J.P.G. Reijnders, 2004. "The Macro-dynamics of the Dutch Economy 1800-1913," Working Papers 04-18, Utrecht School of Economics.
    • Handle: RePEc:use:tkiwps:0418
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    File URL: https://dspace.library.uu.nl/bitstream/handle/1874/275115/04-18.pdf
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    References listed on IDEAS

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    1. Brian Snowdon & Howard R. Vane & Peter Wynarczyk, 1994. "A Modern Guide To Macroeconomics," Books, Edward Elgar Publishing, number 450.
    2. repec:ucp:bkecon:9789057420016 is not listed on IDEAS
    3. Alfred Kleinknecht, 1987. "Innovation Patterns in Crisis and Prosperity," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-18559-7, March.
    4. Jan P. G. Reijnders, 1992. "Between Trends and Trade Cycles: Kondratieff Long Waves Revisited," Palgrave Macmillan Books, in: Alfred Kleinknecht & Ernest Mandel & Immanuel Wallerstein (ed.), New Findings in Long-Wave Research, chapter 2, pages 15-44, Palgrave Macmillan.
    5. Jan Reijnders, 1990. "Long Waves in Economic Development," Books, Edward Elgar Publishing, number 366.
    6. Mokyr, Joel, 1974. "The Industrial Revolution in the Low Countries in the First Half of the Nineteenth Century: A Comparative Case Study," The Journal of Economic History, Cambridge University Press, vol. 34(2), pages 365-391, June.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Trends; Long Waves; National Income Statistics; The Netherlands; Fourier Analysis;
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