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Fredrik NG Andersson. Photo.

Fredrik N G Andersson

Associate professor

Fredrik NG Andersson. Photo.

Irish GDP between the Famine and the First World War : estimates based on a dynamic factor model

Author

  • Fredrik N G Andersson
  • Jason Lennard

Summary, in English

A major issue in Irish economic history is the lack of national accounts before the interwar period. This paper constructs new annual estimates of real GDP between 1842 and 1913 based on a novel two-stage econometric approach. Our results show that while living standards approximately tripled in this period, development was uneven with contractions in economic activity not only during the Great Famine but also between the late 1890s and the First World War. As a proof of concept, we also apply our methodology to Swedish data. The resulting estimates closely match existing historical national accounts.

Department/s

  • Department of Economics
  • Department of Economic History

Publishing year

2019

Language

English

Pages

50-71

Publication/Series

European Review of Economic History

Volume

23

Issue

1

Document type

Journal article

Publisher

Oxford University Press

Topic

  • Economic History

Keywords

  • Ireland
  • GDP
  • Historical national accounts
  • Famine
  • First world war
  • 1842 - 1913

Status

Published

ISBN/ISSN/Other

  • ISSN: 1474-0044