ABSTRACT: There is now a large volume of growth accounting estimates covering the long run experience of advanced countries. However, most of the studies in economic history are not based on state-of-the-art methods. There is a trade-off between maintaining international comparability and achieving the best results for individual countries. A one-size-fits-all approach Continue reading “Article: Growth Accounting in Economic History”
ABSTRACT: During the nineteenth century, Dutch female labor force participation (FLFP) was relatively low. Most scholars argue that social norms and rising wages were driving this development. However, their conclusions principally apply to married women. We study Continue reading “Article: The Impact of Sectoral Shifts on Dutch Unmarried Women’s Labor Force Participation”
Historically, productivity growth was not all about high tech sectors and research and development (R&D) expenditure. A new study published The Economic Journal finds that the great majority of productivity originated in other, more ‘run-of-the-mill’ industries. Continue reading “Column: Historical Productivity Growth from Run of the Mill Industries”
ABSTRACT: The role of physical capital is typically found to be limited in accounting for differences in GDP per worker, but this result may be because capital is customarily assumed to be a homogenous unit. This assumption is misleading, Continue reading “Article: The Composition of Capital and Cross-country Productivity Comparisons”
A growth decomposition for the U.S. private domestic economy and a 38-industry breakdown. For peak years between 1899 and 1941, this dataset includes detailed estimates for output, employment, hours worked, labor quality, labor services, capital stocks, capital quality, capital services and Continue reading “Dataset: U.S. Growth Accounts, 1899-1941”
ABSTRACT: We develop new aggregate TFP growth estimates for the United States between 1899 and 1941, and sectoral estimates at the most disaggregated level so far, 38 industries. We include hard-to-measure services, and a refined measure of sectoral labour quality growth. Continue reading “Article: The Sources of Growth in a Technologically Progressive Economy”
ABSTRACT: The release of the Penn World Table version 9.1 is the fourth release since the switch to the ‘Next Generation of the Penn World Table’, see Feenstra, Inklaar and Timmer (2015). PWT 9.1 does contain important new and revised data. Continue reading “Working Paper: What is new in PWT 9.1?”
ABSTRACT: This document describes the sources and methods used for estimation of data on capital stocks and employment variables for the 43 countries included in the WIOD 2016 database, called the Socio-Economic Accounts (SEAs). Continue reading “Working Paper: WIOD Socio-Economic Accounts 2016”
Pieter (Jop) WOLTJER 