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This paper considers Ireland’s growth prospects through 2030. Real GDP growth averaging 3 per cent per year is possible but will require a stronger labour productivity growth performance than is currently projected by OECD. Success depends on a favourable external environment and would be...
Persistent link: https://www.econbiz.de/10010886024
This paper evaluates claims that European productivity growth has been undermined by weak competition and excessive regulation and taxation. The argument has some validity in the context of the information and communications technology (ICT) revolution which has placed a greater premium on...
Persistent link: https://www.econbiz.de/10011278364
This paper considers the approach to technological change by quantitative economic historians. It suggests that there has been a continuing tension between what economics has to offer economic history by way of technical methods and what economic historians would like to find in economic models....
Persistent link: https://www.econbiz.de/10009219785
This paper reviews the analysis of technological change by cliometricians. It focuses on lessons about total factor productivity (TFP) from growth accounting and on aspects of social capability that are conducive to the effective assimilation of new technology. Key messages are that when TFP...
Persistent link: https://www.econbiz.de/10010758445
This paper considers the future of economic history in the context of its relationship with economics. It is argued that there are strong synergies between the two disciplines and that awareness of the economic past is an important resource for today’s economists. Examples are given that...
Persistent link: https://www.econbiz.de/10010758511
This paper surveys the literature on the Marshall Plan which was designed to help the reconstruction of Europe after World War II. A basic description of how the Marshall Plan was implemented is provided but the focal point is a consideration of the impact of American aid on European growth. It...
Persistent link: https://www.econbiz.de/10010758532
This paper examines growth in output per person in 17 OECD countries from the late nineteenth century to 1989 considering the possibility of several breaks in trend. In all cases the unit root hypothesis is rejected in favour of a segmented trend stationary alternative. 1951-73 is shown to be an...
Persistent link: https://www.econbiz.de/10005497870