This paper is an empirical critique of Barry Eichengreen's interpretation of the exceptional growth performance of Western Europe during the 1950s and 1960s. The main part of the paper shows that, at least for the important case of West Germany, Eichengreen fs view of a broad-based economic and...

This paper constructs annual GDP estimates for Ireland (1924-47) to join the first complete official aggregates. The new series is deployed to revisit Ireland's economic performance in the post-independence decades. Ireland's economy grew at 1.5 per cent per annum and average living standards...

This paper attempts to reconcile the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private...

This paper describes the structural transformations that Chile has experienced in the last 50 years and how they have contributed-or not-to inclusive growth and genuine economic modernization from a historical perspective. The empirical analysis of the paper shows a premature deindustrialization...

This works covers peculiarities of formation of Georgian monetary system in XI-XII centuries and their effect on the international financial and economic relations. In this works we have researched the matters of formation of monetary policy of feudal age and their effect on development of...

We use the two-sector specific factors model, which is known from the theory of international trade, in a growth context to describe major trends of long-run economic development. The endogenous technical progress functions establish the link between the agricultural and the manufacturing sector...

Using newly collected national and sub-national data and historical case studies, this paper argues that differences in innovative capacity, captured by the density of engineers at the dawn of the Second Industrial Revolution, are important to explaining present income differences, and, in...

Between 2000 and 2017, Chile presented a great economic performance, with an average GDP growth of 3.87%. Nevertheless, Chile has confronted a great number of conflicts, reaching its peak of tension in the 2006 “Revolución de los Pinguinos” and the protests against the private pension...

In the late 1990s, as economists looked back the development period in Africa since 1970s, they put forward the notion “African growth tragedy” , meaning that Africa's poor growth and resulting low income is associated with low schooling, political instability, underdeveloped financial...