The Economic output growth of Baltic countries in 1913–1938: a quantitative cross-country comparison

LTReikšminiai žodžiai: Ekonominis augimas; BVP vienam gyventojui; Estija (Estonia); Suomija (Finland); Latvija (Latvia); Tarpukaris; Colin Clark; Economic growth; GDP per capita; Finland; Latvia; Lithuania; Interwar period; Colin Clark.

ENThis article surveys and appends the available quantitative research on the interwar economic growth of Baltic countries to compare gross domestic product (GDP) (in 1990 Geary–Khamis dollars) growth in Estonia, Finland, Latvia, and Lithuania between 1913 and 1938 in a broad international context. Finland’s GDP per capita recovered to the 1913 level in 1923, in Estonia recovery was complete by 1922, in Lithuania by 1924, and in Latvia by 1924–1925. By high-end estimates, the growth performance of Estonia, Latvia, and Lithuania was not weaker than Finland’s. By 1938, the GDP per capita of all Baltic countries exceeded the level of the Soviet Union with the possible exception for Lithuania. [From the publication]

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