Twentieth Century Growth
AbstractThis paper surveys the experience of economic growth in the 20th century with a focus on technological change at the frontier together with issues related to success and failure in catch-up growth. A detailed account of growth performance based on historical national accounts data is given and is accompanied by a review of growth accounting evidence on the sources of economic growth. The key features of our analysis of divergence in growth outcomes are an emphasis on the importance of ‘directed’ technical change, of institutional quality, and of geography. We provide brief case studies of the experience of individual countries to illustrate these points.
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Bibliographic InfoPaper provided by Competitive Advantage in the Global Economy (CAGE) in its series CAGE Online Working Paper Series with number 153.
Date of creation: 2013
Date of revision:
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catch-up growth; divergence; growth accounting; technical change;
Other versions of this item:
- Nicholas Crafts & Kevin H. O'Rourke, 2013. "Twentieth Century Growth," Oxford University Economic and Social History Series _117, Economics Group, Nuffield College, University of Oxford.
- Crafts, Nicholas & O'Rourke, Kevin Hjortshøj, 2013. "Twentieth Century Growth," CEPR Discussion Papers 9633, C.E.P.R. Discussion Papers.
- N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
- O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
This paper has been announced in the following NEP Reports:
- NEP-ALL-2014-04-18 (All new papers)
- NEP-GRO-2014-04-18 (Economic Growth)
- NEP-HIS-2014-04-18 (Business, Economic & Financial History)
You can help add them by filling out this form.
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