A major issue in Irish economic history is the lack of national accounts before the interwar period. This paper constructs new annual estimates of real GDP between 1842 and 1913 based on a novel two-stage econometric approach. Our results show that while living standards approximately tripled in this period, development was uneven with contractions in economic activity not only during the Great Famine but also between the late 1890s and the First World War. As a proof of concept, we also apply our methodology to Swedish data. The resulting estimates closely match existing historical national accounts.

中文翻译：

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饥荒与第一次世界大战之间的爱尔兰GDP：基于动态因子模型的估算

爱尔兰经济史上的一个主要问题是两次世界大战之间的时期缺少国民账户。本文基于新颖的两阶段计量经济学方法，构建了1842年至1913年之间的实际GDP年度估计。我们的结果表明，尽管在此期间的生活水平大约增加了两倍，但发展不平衡，不仅在大饥荒期间而且在1890年代末至第一次世界大战之间，经济活动都出现了收缩。作为概念证明，我们还将我们的方法应用于瑞典数据。得出的估计值与现有的历史国民账户非常接近。