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Economic Development in OECD Countries during the 20th Century

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  • Guisan, M.Carmen

    ()

  • Cancelo, M.Teresa

    ()

Abstract

We present an analysis of economic growth and cycles in main EU, USA, Japan and other OECD countries during the period 1900-1997, and more detailed data and analysis of main economic aggregates for 25 OECD countries during the period 1964-94, including comparisons of Private and Public Consumption, Investment, External Trade and Population. The economic comparisons have into account both exchange rates and purchasing power parities. Some important aspects of demand and supply are analysed in relation with their influence both on economic growth and cycles. We use exponential rates of growth which are interesting for seeing the important influence that moderation of fertility rates have had in the increase of real GDP by inhabitant in OECD countries in comparison with other areas of the World. OECD countries have been generally advanced in education development and that has been one of the more important factors that explain their good performance during the first and second half of 20th century.

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Bibliographic Info

Paper provided by University of Santiago de Compostela. Faculty of Economics and Business. Econometrics. in its series Economic Development with number 49.

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Length: 14 pages
Date of creation: 2001
Date of revision:
Handle: RePEc:eaa:ecodev:49

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Cited by:
  1. Arranz, M., 2002. "Evolucion Del Consumo Privado en Los Paises de la OCDE en 1970-1994: Modelos econometricos de analisis de elasticidades," Economic Development 56, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
  2. GUISAN, Maria-Carmen & AGUAYO, Eva, 2010. "Education, Gender Equality, Social Well-Being And Economic Development In American Countries, 2000-2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 10(2).
  3. GUISAN, Carmen & Neira, Isabel, 2006. "Direct and Indirect Effects of Human Capital on World Development, 1960-2004," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(1), pages 17-34.
  4. Guisan, M.C., 2009. "Government Effectiveness, Education, Economic Development And Well-Being: Analysis Of European Countries In Comparison With The United States And Canada, 2000-2007," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(1).

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