Economic Growth in Europe since 1945

Author: Nicholas Crafts; Gianni Toniolo  

Publisher: Cambridge University Press‎

Publication year: 1996

E-ISBN: 9781139241007

P-ISBN(Paperback): 9780521499644

Subject: F1 The World Economic Profiles , Economic History , Economic Geography

Keyword: 世界各国经济概况、经济史、经济地理The World Economic Profiles , Economic History , Economic Geography

Language: ENG

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Economic Growth in Europe since 1945

Description

This compelling volume re-examines the topic of economic growth in Europe after the Second World War. The contributors approach the subject armed not only with new theoretical ideas, but also with the experience of the 1980s on which to draw. The analysis is based on both applied economics and on economic history. Thus, while the volume is greatly informed by insights from growth theory, emphasis is given to the presentation of chronological and institutional detail. The case study approach and the adoption of a longer-run perspective than is normal for economists allow new insights to be obtained. As well as including chapters that consider the experience of individual European countries, the book explores general European institutional arrangements and historical circumstances. The result is a genuinely comparative picture of post-war growth, with insights that do not emerge from standard cross-section regressions based on the post-1960 period.

Chapter

2 Institutions and economic growth: Europe after World War II

1 Introduction

2 The model

3 The structure of domestic institutions

4 The evolution of domestic institutions

5 The structure of international institutions

6 The decline of the postwar settlement

7 Conclusion

3 The varieties of Eurosclerosis: the rise and decline of nations since 1982

1 Introduction

2 A recapitulation of the theory

3 Economic growth since Rise and Decline

4 Distinctive institutions and common processes

5 Distinctive institutions and inescapable logic

4 Why the 1950s and not the 1920s? Olsonian and non-Olsonian interpretations of two decades of German economic history

1 Introduction

2 An Olsonian interpretation of the two postwar records

3 A non-Olsonian mode of interpretation

5 Convergence, competitiveness and the exchange rate

1 Introduction

2 Competitiveness and the exchange rate

3 Western Europe in the 'Golden Age'

4 Country experience

5 Conclusions

Statistical appendix

6 British economic growth since 1945: relative economic decline . . . and renaissance?

1 Introduction

2 The legacy of the 1930s and World War II

3 Reconstruction

4 The Golden Age

5 Shocks and stagflation

6 Recovery in the 1980s and its legacy

7 Bargaining models and productivity change

8 Human capital formation

9 Deindustrialization

10 Conclusions

Appendix

7 Economic growth in postwar Belgium

1 Introduction

2 Postwar economic growth: main features, structures and institutions, initial conditions

3 The phases of postwar economic growth

4 Structural change and the control of industry

5 Conclusion

8 France, 1945-92

1 Introduction

2 Aggregate performance

3 The legacy of the 1930s and reconstruction

4 The 'vingt glorieuses' (1954-76)

5 Shocks and stagflation in the 1970s

6 A partial recovery

7 Human capital

8 Institutions

9 Conclusion

9 Economic growth and the Swedish model

1 Introduction

2 Aggregate performance

3 A review of macroeconomic policies

4 Ultimate causes of Swedish economic performance

5 Conclusions

10 Characteristics of economic growth in the Netherlands during the postwar period

1 Introduction

2 The major facts

3 The legacy of the 1930s

4 World War II and the reconstruction years

5 The 'golden years' from 1950 to 1973

6 Shocks and sluggish growth during the 1970s

7 Continuity and change during the 1980s

8 Labour market and wage policies

9 The performance of the export sector and exchange rate policy

10 The public sector and economic growth

11 Conclusions

11 Portuguese postwar growth: a global approach

1 Introduction

2 Postwar growth: the setting

3 Postwar growth: the phases

4 Some particular themes

5 Conclusions

12 Growth and macroeconomic performance in Spain, 1939-93

1 Introduction

2 Spain's economic performance in the long run

3 The legacy of the 1930s and the Civil War (1936-9)

4 Reconstruction: Spain under autarky, 1939-59

5 The Golden Age: years of accelerated growth, 1959-75

6 Shocks and stagflation: the transition from dictatorship to democracy, 1975-85

7 Recovery of the late 1980s and its legacy: the integration of Spain into the EEC

8 Concluding remarks

13 Irish economic growth, 1945-88

1 Introduction

2 Irish growth and the economic convergence debate

3 Irish economic history, 1945-92

4 Investment

5 Human capital and emigration

6 Trade policies

7 Rent seeking and interest groups: the political economy of growth

8 Some simple cross-section evidence

9 Conclusion

14 Italy

1 Introduction

2 The aggregate performance: an overview

3 Total factor productivity, market structure, scale economies and capacity utilization

4 The legacy of Fascism and the war

5 Setting the stage: reconstruction and stabilization

6 An 'economic miracle'?

7 The roots of the malaise, 1963-73

8 Productivity slowdown, 1973-92

9 Concluding remarks

Appendix

15 West German growth and institutions, 1945-90

1 Introduction

2 The growth weakness of the Weimar Republic

3 Reconstruction, 1945-61

4 Golden Age growth, 1961-73

5 Slow growth, 1973-90

6 Is there a West German economic model and, if so, has it affected growth?

7 West German growth - what does it tell us about the prospects for growth in East Germany?

16 An exercise in futility: East German economic growth and decline, 1945-89

1 Introduction

2 Macroeconomic performance: a brief overview

3 The legacy of the 1930s and the war: how bad a start?

4 The productivity gap in the making, 1945-50

5 East Germany's transition to Communism: a brief review

6 The 1950s: an East German Wirtschaftswunderi

7 2 fast 4 you: frustrated catching up, the Berlin Wall and attempted reform during the 1960s

8 The Golden Seventies: a belated Wirtschaftswundert

9 The road to bankruptcy, 1980-9

10 The aftermath of unification

11 Conclusion

17 Postwar growth of the Danish economy

1 Introduction

2 The aggregate growth performance: an overview

3 The legacy from the 1930s and the war and reconstruction years

4 Growth factors and sectoral shifts in the postwar years

5 Growth and economic policy since 1950

6 Concluding comments

18 Reflections on the country studies

1 Introduction

2 The idea of a 'Golden Age'

3 The accumulation of capital and the acquisition of knowledge

4 The impact of economic policy

5 Growth economics

Index

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