Crafts, Nicholas; Toniolo, Gianni - C.E.P.R. Discussion Papers - 1995
The paper comprises a thorough survey of the literature on growth in Western Europe since 1950. This experience is put … in the context both of long-run historical trends and the ideas emanating from recent work in growth economics. The … exceptional nature of the Golden Age (c.1950-73) is confirmed and given an historical interpretation. Catch-up growth is seen as …