Monthly GDP Estimates for Inter-War Britian

31 Pages Posted: 6 Oct 2011

See all articles by James Mitchell

James Mitchell

National Institute of Economic and Social Research (NIESR)

Solomos Solomou

University of Cambridge, Faculty of Economics

Martin R. Weale

National Institute of Economic and Social Research (NIESR)

Date Written: September 30, 2011

Abstract

We derive monthly and quarterly series of UK GDP for the inter-war period from a set of monthly indicators that were constructed by The Economist at the time. The monthly information is complemented with data for quarterly industrial production, allowing us to employ mixed-frequency methods to produce monthly estimates of GDP and of industrial production. We proceed to illustrate how the new data compare with existing high frequency data and how they can be used to contribute to our understanding of the economic history of the UK in the inter-war period and to draw comparisons between recession profiles in the inter-war and the post-war period.

Keywords: economic history, national accounts, monthly GDP data, Great Depression

JEL Classification: N340, C820

Suggested Citation

Mitchell, James and Solomou, Solomos and Weale, Martin R., Monthly GDP Estimates for Inter-War Britian (September 30, 2011). CESifo Working Paper Series No. 3602, Available at SSRN: https://ssrn.com/abstract=1939846

James Mitchell

National Institute of Economic and Social Research (NIESR) ( email )

2 Dean Trench Street
Smith Square
London SW1P 3HE
United Kingdom

Solomos Solomou (Contact Author)

University of Cambridge, Faculty of Economics ( email )

Austin Robinson Building
Sidgwick Avenue
Cambridge, CB3 9DD
United Kingdom
+44 1223 335226 (Phone)
+44 1223 335475 (Fax)

Martin R. Weale

National Institute of Economic and Social Research (NIESR) ( email )

2 Dean Trench Street
Smith Square
London SW1P 3HE
United Kingdom

HOME PAGE: http://www.niesr.ac.uk/

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