Journal Article

The Swedish economy in the early modern period: constructing historical national accounts

Lennart Schön and Olle Krantz

in European Review of Economic History

Volume 16, issue 4, pages 529-549
Published in print November 2012 | ISSN: 1361-4916
Published online October 2012 | e-ISSN: 1474-0044 | DOI: http://dx.doi.org/10.1093/ereh/hes015
The Swedish economy in the early modern period: constructing historical national accounts

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A new GDP series per capita for Sweden during 1560–1800 is presented, linked to slightly revised data for 1800–2000. Long-term stagnation up to the nineteenth century is revealed but with secular changes. Growth characterized much of the seventeenth century with modernization of state administration, industry and trade. In the next century, stagnation and even retrogression followed. Wars in the seventeenth century may have stimulated growth, but also exhausted resources. Despite stagnation, the structure of the economy shifted and created preconditions for the modern economic growth that took off in the nineteenth century.

Journal Article.  9525 words.  Illustrated.

Subjects: Industrial History ; Labour History ; Economic History

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