Irish GDP between the Famine and the First World War: Estimates Based on a Dynamic Factor Model

Fredrik Andersson and Jason Lennard

No 2016:13, Working Papers from Lund University, Department of Economics

Abstract: 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.

Keywords: Ireland; GDP; Famine; Historical national accounts (search for similar items in EconPapers)
JEL-codes: C38 E01 N13 (search for similar items in EconPapers)
Pages: 45 pages
Date: 2016-06-27, Revised 2018-01-16
New Economics Papers: this item is included in nep-his and nep-mac
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Citations: View citations in EconPapers (5)

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Related works:
Journal Article: Irish GDP between the Famine and the First World War: estimates based on a dynamic factor model (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:lunewp:2016_013

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