Can the economic growth of interwar Latvia be estimated by contemporary national accounts?
The paper provides an examination of interwar Latvia’s national accounts, checking their usability for estimating interwar economic growth performance. According to the authoritative account of Roses and Wolf [(2010). Aggregate growth, 1913–1950. In S. Broadberry, & K. H. O’Rourke (Eds.), The Ca...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2022-07-01
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| Series: | Baltic Journal of Economics |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/1406099X.2022.2097370 |
| _version_ | 1811212183095214080 |
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| author | Ola Grytten Zenonas Norkus Jurgita Markevičiūtė Jānis Šiliņš |
| author_facet | Ola Grytten Zenonas Norkus Jurgita Markevičiūtė Jānis Šiliņš |
| author_sort | Ola Grytten |
| collection | DOAJ |
| description | The paper provides an examination of interwar Latvia’s national accounts, checking their usability for estimating interwar economic growth performance. According to the authoritative account of Roses and Wolf [(2010). Aggregate growth, 1913–1950. In S. Broadberry, & K. H. O’Rourke (Eds.), The Cambridge economic history of modern Europe, vol 2. 1870 to the present (pp. 183–207). Cambridge UP.], based on indirect estimation methods, Latvia’s GDPpc growth rate from 1929 to 1938 was the highest in Europe. However, according to Aizsilnieks [(1968). Latvijas saimniecības vēsture, 1914–1945. Daugava.] interwar national income estimates show that the Latvian economy stagnated in the 1930s. This paper’s main findings are that applying historical price indices to the existing interwar output estimates supports the stagnation thesis. However, the national income estimates lack validity and reliability due to unpersistent or unknown methodology. Hence, changes in real output cannot be established without new calculations according to the contemporary System of National Accounts (SNA 2008) framework. |
| first_indexed | 2024-04-12T05:24:57Z |
| format | Article |
| id | doaj.art-a76ff7c3220d45f2a0cd0617378d09ae |
| institution | Directory Open Access Journal |
| issn | 1406-099X 2334-4385 |
| language | English |
| last_indexed | 2024-04-12T05:24:57Z |
| publishDate | 2022-07-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Baltic Journal of Economics |
| spelling | doaj.art-a76ff7c3220d45f2a0cd0617378d09ae2022-12-22T03:46:20ZengTaylor & Francis GroupBaltic Journal of Economics1406-099X2334-43852022-07-012229010910.1080/1406099X.2022.2097370Can the economic growth of interwar Latvia be estimated by contemporary national accounts?Ola Grytten0Zenonas Norkus1Jurgita Markevičiūtė2Jānis Šiliņš3Department of Economics, NHH Norwegian School of Economics Bergen, NorwayFaculty of Philosophy, Institute of Sociology and Social Work, Vilnius University, Vilnius- LithuaniaFaculty of Philosophy, Institute of Sociology and Social Work, Vilnius University, Vilnius- LithuaniaVidzeme University of Applied Sciences, Valmiera, LatviaThe paper provides an examination of interwar Latvia’s national accounts, checking their usability for estimating interwar economic growth performance. According to the authoritative account of Roses and Wolf [(2010). Aggregate growth, 1913–1950. In S. Broadberry, & K. H. O’Rourke (Eds.), The Cambridge economic history of modern Europe, vol 2. 1870 to the present (pp. 183–207). Cambridge UP.], based on indirect estimation methods, Latvia’s GDPpc growth rate from 1929 to 1938 was the highest in Europe. However, according to Aizsilnieks [(1968). Latvijas saimniecības vēsture, 1914–1945. Daugava.] interwar national income estimates show that the Latvian economy stagnated in the 1930s. This paper’s main findings are that applying historical price indices to the existing interwar output estimates supports the stagnation thesis. However, the national income estimates lack validity and reliability due to unpersistent or unknown methodology. Hence, changes in real output cannot be established without new calculations according to the contemporary System of National Accounts (SNA 2008) framework.https://www.tandfonline.com/doi/10.1080/1406099X.2022.2097370National accountingnational incomeeconomic growth of interwar LatviaAlfreds CeichnersE01N14 |
| spellingShingle | Ola Grytten Zenonas Norkus Jurgita Markevičiūtė Jānis Šiliņš Can the economic growth of interwar Latvia be estimated by contemporary national accounts? Baltic Journal of Economics National accounting national income economic growth of interwar Latvia Alfreds Ceichners E01 N14 |
| title | Can the economic growth of interwar Latvia be estimated by contemporary national accounts? |
| title_full | Can the economic growth of interwar Latvia be estimated by contemporary national accounts? |
| title_fullStr | Can the economic growth of interwar Latvia be estimated by contemporary national accounts? |
| title_full_unstemmed | Can the economic growth of interwar Latvia be estimated by contemporary national accounts? |
| title_short | Can the economic growth of interwar Latvia be estimated by contemporary national accounts? |
| title_sort | can the economic growth of interwar latvia be estimated by contemporary national accounts |
| topic | National accounting national income economic growth of interwar Latvia Alfreds Ceichners E01 N14 |
| url | https://www.tandfonline.com/doi/10.1080/1406099X.2022.2097370 |
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