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The Golden Age of European growth reconsidered

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Author Info
TEMIN, PETER
Abstract

I reconsider the growth of Western Europe during the Golden Age of European Economic Growth after the Second World War. The preceding thirty years of conflict and depression impeded the normal path of industrialisation in these countries, and they had too much labour in agriculture for their level of income and stage of development at the end of the war. The disequilibrium added to other more ordinary forces to produce unusually rapid economic growth. This hypothesis explains the speed of economic growth during the Golden Age, differences between growth rates in these years, and the end of this historical episode.

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Publisher Info
Article provided by Cambridge University Press in its journal European Review of Economic History.

Volume (Year): 6 (2002)
Issue (Month): 01 (April)
Pages: 3-22
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Handle: RePEc:cup:ereveh:v:6:y:2002:i:01:p:3-22_00

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  1. Francisco Alvarez-Cuadrado & Mihaela I. Pintea, 2008. "A Quantitative Exploration of the Golden Age of European Growth," Working Papers 0805, Florida International University, Department of Economics. [Downloadable!]
    Other versions:
  2. Crafts, Nicholas & Toniolo, Gianni, 2008. "European Economic Growth, 1950-2005: An Overview," CEPR Discussion Papers 6863, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  3. Gavin Cameron & Nicholas Fawcett, 2005. "Economic Policies for Growth and Employment," Economics Series Working Papers 249, University of Oxford, Department of Economics. [Downloadable!]
  4. Douglas A. Irwin, 2002. "Did Import Substitution Promote Growth in the Late Nineteenth Century?," NBER Working Papers 8751, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  5. Gavin Cameron & Chris Wallace, 2002. "Macroeconomic Performance in the Bretton Woods Era, And After," Economics Series Working Papers 130, University of Oxford, Department of Economics. [Downloadable!]
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  6. Sibylle H. Lehmann and Kevin H. O'Rourke, 2008. "The structure of protection and growth in the late 19th century," The Institute for International Integration Studies Discussion Paper Series iiisdp269, IIIS. [Downloadable!]
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  7. Pedro Lains, 2008. "The Portuguese Economy in the Irish Mirror, 1960–2004," Open Economies Review, Springer, vol. 19(5), pages 667-683, November. [Downloadable!] (restricted)
  8. Alka obadić & Sanja Porić, 2008. "The coordination between education and employment policies," EFZG Working Papers Series 0802, Faculty of Economics and Business, University of Zagreb. [Downloadable!]
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This page was last updated on 2009-11-17.


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