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

Jan-Pieter Smits · de Herman Jong · van Hubertus Ark

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Economic Growth and Productivity Historical Economic and Social Studies Economic Development and Digital Transformation

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.

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References

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