Three phases of Dutch economic growth and technological change, 1815-1997

Jan Pieter Smits, Herman de Jong and Bart van Ark
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Bart van Ark: Groningen University

No 199942, GGDC Research Memorandum from Groningen Growth and Development Centre, University of Groningen

Abstract: In this paper we analyze the dynamics of Dutch economic growth for the period 1815-1997. By applying a simple econometric technique, important braking points in the timeseries are traced. It seems that three phases of growth can be discerned and that these phases are characterized by different types of technology (steam, electricity as well as information and communication technology). The Dutch economy has not generated an overall productivity improvement from the first and third technological phase, but has been successful in exploiting the technological opportunities of the second phase.

Date: 1999
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