Historical National Accounting
Historical national accounting is the systematic reconstruction of a country's gross domestic product and its components for periods that predate official statistical offices. Where modern statisticians collect contemporaneous surveys, the historical accountant must assemble output from surviving fragments: tithe records, customs ledgers, probate inventories, guild accounts, harvest yields, and wage books. The method adapts the conventional output, income, and expenditure approaches of national accounting to the constraints of incomplete archival evidence, building value-added estimates sector by sector and reconciling them into an internally consistent whole. Pioneered for Britain by Deane and Cole and refined by Maddison, Allen, and the Broadberry school, it has produced annual GDP series stretching back to the medieval period. The resulting estimates anchor virtually all quantitative debate about long-run growth, the timing of the Industrial Revolution, and the Great Divergence between Europe and Asia.
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- Maddison, A. (2007). Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History. Oxford University Press. · ISBN 9780199227204
- Allen, R. C. (2001). The Great Divergence in European Wages and Prices from the Middle Ages to the First World War. Explorations in Economic History, 38(4), 411-447. · DOI 10.1006/exeh.2001.0775
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