Western Europe experienced a Golden Age of economic growth from the early 1950s to the early 1970s during which the average rate of growth of real GDP per person was just over 4 per cent per year. When viewed through the lens of growth accounting the fast growth of the Golden Age was based on...

The European Union can look ahead at the next five years from a good economic position. Employment is comparatively high, the recovery has been uninterrupted for several years and income inequality remains less pronounced than elsewhere in the world. But the EU faces nevertheless formidable...

This paper surveys the experience of economic growth in the 20th century with a focus on technological change at the frontier together with issues related to success and failure in catch-up growth. A detailed account of growth performance based on historical national accounts data is given and...