Capital Formation in Belgium, 1900-1995

Michelangelo Van Meerten (Author),

Series: Studies in Social and Economic History 28

Category: Economy

Language: English

ISBN: 9789058672551

Publication date: December 9, 2003

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Size: 240 x 160 x mm


Based on the analysis of more than 35.000 company balance sheets, annual series of gross private investment have been constructed for 15 different sectors in Belgium between 1900 and 1995. The resulting data clearly show that the level of gross investment in the Belgian economy, expressed as a percentage of national income, was generally much lower than during the post world war two period. An international comparison demonstrates that Belgium usually invested far less than its major competitors. Moreover, the traditional coal and metal industries benefited most of the investment effort instead of newer sectors like the chemical industry. Thus the present study contributes to explaining for the relatively poor growth performances of the Belgian economy prior to the 1960s.


  1. Methodology

  2. Fixed Asset Deflators
  3. The Samples
  4. Gross Fixed Asset Formation in Agriculture, Forestry and Fishing, 1880-1954
  5. The Value of Changes in Inventories of the Private Sector in Belgium 1900-53
  6. Gross Private Fixed Asset Formation in Belgium 1910-1954: Results and Analysis
  7. Gross Fixed Asset Formation and Sturctural Change in the Belgian Economy 1910-1995: a Conclusion
  8. General Conclusions


Michelangelo Van Meerten

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