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Economic growth in Germany, 1500-1850
Principal Investigator(s): View help for Principal Investigator(s) Ulrich Pfister, University of Münster, Germany
Version: View help for Version V1
Project Citation:
Pfister, Ulrich. Economic growth in Germany, 1500-1850. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-12-02. https://doi.org/10.3886/E155901V1
Project Description
Summary:
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New data are used to construct a time series of
real GDP in Germany for the period 1500–1850 using an indirect output
estimation technique that relies on wages, prices, and sectoral employment.
Until the mid-seventeenth century, real GDP per capita moved inversely with
population. The eighteenth century saw a modest rise of output per head. From the
late 1810s economic growth gradually accelerated. The results shed new light on
the reversal of fortunes in early modern Europe and the transition from a Malthusian
regime to modern economic growth.
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