Advanced Search
MyIDEAS: Login to save this article or follow this journal

After the Golden Age: A Long-Run Perspective on Growth Rates That Speeded Up, Slowed Down and Still Differ

Contents:

Author Info

  • Mills, Terence C
  • Crafts, N F R

Abstract

This paper contains an econometric analysis of international convergence in growth allowing for the possibility of several trend breaks. The results offer further evidence against strong hypotheses of convergence but demonstrate the existence of common trends among subsets of countries. Trend growth estimates for OECD countries have fallen since the early post-war period when catch-up was strong, but nevertheless are generally higher than before the Second World War. Taking these results together with evidence from historical research, it is argued that the recent growth slowdown should not be seen as sufficient reason to reject the hypothesis of endogenous growth. Copyright 2000 by Blackwell Publishers Ltd and The Victoria University of Manchester

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.blackwell-synergy.com/servlet/useragent?func=synergy&synergyAction=showTOC&journalCode=manc&volume=68&issue=1&year=2000&part=null
File Function: link to full text
Download Restriction: Access to full text is restricted to subscribers.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by University of Manchester in its journal Manchester School.

Volume (Year): 68 (2000)
Issue (Month): 1 (January)
Pages: 68-91

as in new window
Handle: RePEc:bla:manchs:v:68:y:2000:i:1:p:68-91

Contact details of provider:
Postal: Manchester M13 9PL
Phone: (0)161 275 4868
Fax: (0)161 275 4812
Web page: http://www.blackwellpublishing.com/journal.asp?ref=1463-6786
More information through EDIRC

Order Information:
Web: http://www.blackwellpublishing.com/subs.asp?ref=1463-6786

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Crafts, Nicholas, 2012. "Western Europe's Growth Prospects: an Historical Perspective," CEPR Discussion Papers, C.E.P.R. Discussion Papers 8827, C.E.P.R. Discussion Papers.
  2. Landon-Lane, John S. & Robertson, Peter E., 2009. "Long-run growth in the OECD: A test of the parallel growth paths hypothesis," Explorations in Economic History, Elsevier, Elsevier, vol. 46(3), pages 346-355, July.
  3. Crafts, Nicholas & Toniolo, Gianni, 2008. "European Economic Growth, 1950-2005: An Overview," CEPR Discussion Papers, C.E.P.R. Discussion Papers 6863, C.E.P.R. Discussion Papers.
  4. David Harvey & Terence Mills, 2002. "Unit roots and double smooth transitions," Journal of Applied Statistics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 29(5), pages 675-683.
  5. Philip Epstein & Peter Howlett & Max-Stephan Schulze, 2000. "Distribution dynamics: stratification, polarisation and convergence among OECD economies, 1870-1992," Economic History Working Papers, London School of Economics and Political Science, Department of Economic History 22380, London School of Economics and Political Science, Department of Economic History.
  6. Terence Mills, 2001. "Business cycle asymmetry and duration dependence: An international perspective," Journal of Applied Statistics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 28(6), pages 713-724.
  7. Robert W. Fogel, 2009. "The Impact of the Asian Miracle on the Theory of Economic Growth," NBER Working Papers 14967, National Bureau of Economic Research, Inc.
  8. Maria João Ribeiro Thompson, 2003. "A Nonscale Growth Model with R&D and Human Capital Accumulation," NIPE Working Papers, NIPE - Universidade do Minho 5/2003, NIPE - Universidade do Minho.
  9. Ribeiro, M.J., 2000. "A Nonscale Growth Model with R&D and Human Capital Accumulation," The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics 574, University of Warwick, Department of Economics.
  10. Robert W. Fogel, 2005. "Reconsidering Expectations Of Economic Growth After," NBER Working Papers 11125, National Bureau of Economic Research, Inc.
  11. Philip Epstein & Peter Howlett & Max-Stephan Schulze, 2004. "Trade, convergence and globalisation: the dynamics of change in the international income distribution, 1950-1998," Economic History Working Papers, London School of Economics and Political Science, Department of Economic History 13295, London School of Economics and Political Science, Department of Economic History.
  12. Epstein, Philip & Howlett, Peter & Schulze, Max-Stephan, 2003. "Distribution dynamics: stratification, polarization, and convergence among OECD economies, 1870-1992," Explorations in Economic History, Elsevier, Elsevier, vol. 40(1), pages 78-97, January.
  13. Steven Cook & Alan Speight, 2006. "International Business Cycle Asymmetry and Time Irreversible Nonlinearities," Journal of Applied Statistics, Taylor & Francis Journals, Taylor & Francis Journals, vol. 33(10), pages 1051-1065.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:bla:manchs:v:68:y:2000:i:1:p:68-91. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.