A quantitative exploration of the Golden Age of European growth
Income per capita in some Western European countries more than tripled in the two and a half decades that followed World War II. The literature has identified several factors behind this outstanding growth episode, specifically; structural change, the Marshall Plan combined with the public provision of infrastructure, the surge of intra-European trade, and the reconstruction process that followed the war. This paper is an attempt to formalize and quantify the contribution of each one of these factors to post-war growth. Our results highlight the importance of reconstruction growth and structural change, and point to the limited role of the Marshall Plan, and the late contribution of intra-European trade.
Year of publication: |
2009
|
---|---|
Authors: | Alvarez-Cuadrado, Francisco ; Pintea, Mihaela I. |
Published in: |
Journal of Economic Dynamics and Control. - Elsevier, ISSN 0165-1889. - Vol. 33.2009, 7, p. 1437-1450
|
Publisher: |
Elsevier |
Keywords: | Economic growth European economic history 1913- CGE models |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
A Quantitative Exploration of the Golden Age of European Growth
Alvarez-Cuadrado, Francisco, (2008)
-
A quantitative exploration of the golden age of European growth
Alvarez-Cuadrado, Francisco, (2008)
-
A quantitative exploration of the Golden Age of European growth
Alvarez-Cuadrado, Francisco, (2009)
- More ...