By Ichiro Sugimoto
Study on Singapore's fiscal heritage has been complex through the absence of financial facts on pre-independence Singapore. This booklet goals to fill the space through proposing a time-series of ancient GDP estimates for the sessions 1900-39 and 1950-60. the recent info awarded within the publication sheds gentle on key features of Singapore's financial background, particularly the connection among financial instability and development, in addition to the government's monetary coverage in the direction of financial progress. because the first entire empirical financial background of twentieth-century Singapore, this e-book is a important reference resource for teachers and graduate scholars drawn to improvement and empirical economics.
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Additional info for Economic Growth of Singapore in the Twentieth Century: Historical GDP Estimates and Empirical Investigations (Economic Growth Centre Research Monograph Series)
This study, however, used “size of foreign trade” as a proxy to measure the economic development of the respective colonies with the author acknowledging with a caveat that foreign trade was not a reliable proxy to indicate economic growth. This implies that deficiencies in relevant economic indicators did not permit a modern quantitative economic analysis. Thus, the collection and construction of macroeconomic time-series data of Singapore such as GDP, which is an integral part of this study represents a fundamental yet crucial step towards filling this void, notwithstanding the painstaking and tedious task of compiling the required raw data from various official publications and records.
Thus, the collection and construction of macroeconomic time-series data of Singapore such as GDP, which is an integral part of this study represents a fundamental yet crucial step towards filling this void, notwithstanding the painstaking and tedious task of compiling the required raw data from various official publications and records. 2 Literature Review on the Construction of Historical Statistics Unlike developing countries, the construction of historical national accounting has been regarded as one of the most dynamic branches of economic history (Heikkienen, Sakari and Luiten Van Zanden, 2004) in western countries.
In the case of trade, the Appendix to the Report on Trade, Straits Settlements, 1896–1906, 1908–17, 1921–28; British Malaya, Return of Foreign Imports and Exports, 1921–39 and Foreign Trade of Malaya, 1929–30, 1932, 1934, 1936–39 provided information on Singapore’s trade by (i) class of goods and (ii) country of origin and destination. Private investment in perennial crops was compiled and published in the Malayan Agricultural Statistics, 1931–39, 1947–49. The Reports on Population Censuses (Straits Settlements, 1871, 1881, 1891, 1901 and 1911) and British Malaya, (1921, 1931, 1947 and 1957) provided detailed information on the characteristics of the population and its geographical distribution.
Economic Growth of Singapore in the Twentieth Century: Historical GDP Estimates and Empirical Investigations (Economic Growth Centre Research Monograph Series) by Ichiro Sugimoto