A standardised time series of the stock of fixed capital in the Netherlands, 1900-1995

Abstract

This paper introduces a time series of the Dutch capital stock for 1900-1995. The estimates were derived using the perpetual inventory method. To enhance international comparability, we followed Maddison's standardized methodology. To ensure transparency a thorough description of sources and methods is given. A plausibility check is performed by comparing our results with the stylized facts of Dutch economic growth in the twentieth century. It is concluded that the new data fit other available evidence for Dutch macroeconomic development better than previously used.