Gallman's Annual Output Series for the United States, 1834-1909
37 Pages Posted: 28 Mar 2002 Last revised: 27 Oct 2010
Date Written: March 2002
Abstract
This paper presents Robert Gallman's classic, but heretofore unpublished annual series for US national product over the 1834-59 and 1869-1909 periods. The 'Volume 30' series, reported as decadal averages, underlie much of what we know about American income growth and capital formation before 1909. This paper briefly documents Gallman's construction and use of the annual series, offers corrections for minor errors found in the previously circulated versions, compares the series with alternative national product estimates, and explores promising avenues for further research. Most importantly, this paper lays out why Gallman considered his annual 'Volume 30' series unsuitable for business-cycle analysis.
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Changes in the Cyclical Sensitivity of Wages in the United States, 1891-1987
-
Until it's Over, Over There: The U.S. Economy in World War I
By Hugh Rockoff
-
Wars, Redistribution and Civilian Federal Expenditures in the Us Over the Twentieth Century
By Roel M. W. J. Beetsma, Alex Cukierman, ...
-
War and Pestilence as Labor Market Shocks: Manufacturing Wage Growth 1914-1919
-
War and Pestilence as Labor Market Shocks: U.S. Manufacturing Wage Growth 1914-1919
-
War and Pestilence as Labor Market Shocks: U.S. Manufacturing Wage Growth 1914–1919
-
Wage Flexibility and Economic Performance: Evidence Across Industrial Countries
By Magda Kandil
-
By Martin Karlsson, Therese Nilsson, ...
