Cover

Half-title

Title

Copyright

Contents

List of Figures

List of Tables

List of Contributors

Preface

1 Catch-up, convergence and thesources of post-war Europeangrowth: introduction and overview

1 Introduction

2 Basic ideas and an initial view of the historical record

3 Key concepts and measurement issues

4 Conclusions and agenda for future research

NOTES

REFERENCES

2 Macroeconomic accounts forEuropean countries

1 GDP growth

2 Real GDP levels

3 Labour input and labour productivity

4 Human capital

5 Physical capital

6 Growth accounts

NOTES

REFERENCES

3 Sectoral growth accounting andstructural change in post-warEurope

1 Introduction

2 Sectoral GDP and employment: concepts and sources

3 Productivity growth and the effects of structural change

4 Capital intensity and joint factor productivity

5 Productivity levels and the effects of structural change

6 Conclusions and the future research agenda on sectoral growthaccounting

Appendix

NOTES

REFERENCES

4 Measures of fixed capital stocks inthe post-war period: a five-countrystudy

1 Introduction

2 The perpetual inventory method

3 Data

4 The measurement of capital stocks in five nations

5 Capital's contribution to relative productivity levels

6 Conclusion

Appendix A: Data and sources

NOTES

REFERENCES

5 Technology indicators and economicgrowth in the European area: someempirical evidence

1 Introduction

2 Trends in technology indicators in the European area

3 Technology and growth: estimating some simple models

4 The contribution of technology to growth: growth accounting

5 Summary and conclusions

Appendix: Formal definition of variables and sources

NOTES

REFERENCES

6 Human capital and productivity inmanufacturing during the twentiethcentury: Britain, Germany and theUnited States

1 Introduction

2 Comparative performance in manufacturing

3 Shopfloor labour

4 Managerial capabilities

5 Research and development

6 Concluding comments

NOTE

REFERENCES

7 Convergence and divergence in theEuropean periphery: productivity inEastern and Southern Europe inretrospect

1 Introduction

2 Comparing levels of output and productivity in Eastern Europe

3 Reconstructing output and productivity growth in Eastern Europe

4 Comparing East European productivity performance with that ofSouthwest and Northwest Europe

5 Proximate causes of convergence and divergence

6 Reflections on ultimate causes of convergence and divergence

Appendix A: Unit value ratios

Appendix B: Value added, employment, hours worked and labour productivity

Appendix C: Real output and employment growth in manufacturing

NOTES

REFERENCES

8 Convergence: what the historicalrecord shows

1 Introduction

2 Definitions

3 National income data

4 The role of manufacturing

5 Real wages and convergence

6 Concluding comments

NOTE

REFERENCES

9 Growth and convergence in OECDcountries: a closer look

1 Introduction

2 The 'augmented9 Solow model

3 The data

4 Basic model results

5 Pooling

6 Conclusions

NOTES

REFERENCES

10 On the historical continuity of theprocess of economic growth

1 Introduction

2 Endogenous versus exogenous growth theory

3 Estimation: data, procedure and statistical tests

4 Discussion of the results

5 Conclusion

Appendix

NOTES

REFERENCES

11 Europe's Golden Age: aneconometric investigation ofchanging trend rates of growth

1 Introduction

2 Empirical tests and results

3 Implications of the results

4 Concluding comments

REFERENCES

Index