Swedish Historical National Accounts, 1800–2000: Principles and Implications of a New Generation

Abstract

A new set of data and estimates of historical national accounts for Sweden is concluded with the project Structural Change in the Swedish Economy, 1800–1980: Construction and Analysis of National Product Series. This article provides a short overview of earlier efforts, beginning in the 1930s, to construct historical national accounts and an account of the present project. The new estimates resulted in partly new representations of economic growth and change. They are also compared with earlier data. Furthermore, effects of the deflation techniques ( i.e., double deflation) are analyzed by comparing the series with those resulting from single deflation. Finally, structural changes are analyzed using modern time series analysis.