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A Quantitative Exploration Of The Golden Age Of European Growth: Structural Change, Public Investment, The Marshall Plan And Intra-European Trade

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Francisco Alvarez-Cuadrado ()

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Abstract

Western European income per capita more than tripled in the two and a half decades that followed World War II. The scholarship has identified several potential factors behind this outstanding growth episode, specifically; the large migrations from agriculture to manufacture that took place in post-war Europe, the contribution of the Marshall Plan combined with the public provision of infrastructure and the surge of intra-European trade. This paper can be viewed as an attempt to formalize and quantify the direct contribution of these factors to the outstanding growth of the European Golden Age. Our conclusions highlight their limitations to fully account for that growth experience.

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Paper provided by McGill University, Department of Economics in its series Departmental Working Papers with number 2005-01.

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Length: 35 pages
Date of creation: Sep 2006
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Handle: RePEc:mcl:mclwop:2005-01

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Find related papers by JEL classification:
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
N14 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations - - - Europe: 1913-

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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Jennifer Hunt, 2005. "Why Are Some Public Officials More Corrupt Than Others?," William Davidson Institute Working Papers Series wp790, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
    Other versions:
  2. Francisco Alvarez-Cuadrado, 2006. "Growth Outside The Stable Path: Lessons From The European Reconstruction," Departmental Working Papers 2006-02, McGill University, Department of Economics. [Downloadable!]
    Other versions:
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