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Institutions and Economic Growth: Europe After World War II


  • Eichengreen, Barry


European economic growth in the quarter of a century that ended in 1973 outstripped growth in any period of comparable length before or since. The elements of Europe's growth miracle -- wage moderation, high investment and rapid export growth -- were delivered by a tailor-made set of domestic and international arrangements -- on the domestic side the social market economy, on the external side international agreements and supranational institutions -- that solved problems of commitment and cooperation that would have otherwise hindered the resumption of growth.

Suggested Citation

  • Eichengreen, Barry, 1994. "Institutions and Economic Growth: Europe After World War II," CEPR Discussion Papers 973, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:973

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    References listed on IDEAS

    1. Eichengreen, Barry & Uzan, Marc, 1992. "The Marshall Plan: Economic Effects and Implications for Eastern Europe and the Former USSR," CEPR Discussion Papers 638, C.E.P.R. Discussion Papers.
    2. Fernandez, Raquel & Glazer, Jacob, 1991. "Striking for a Bargain between Two Completely Informed Agents," American Economic Review, American Economic Association, vol. 81(1), pages 240-252, March.
    3. Anat R. Admati & Motty Perry, 1987. "Strategic Delay in Bargaining," Review of Economic Studies, Oxford University Press, vol. 54(3), pages 345-364.
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    Cited by:

    1. van de Klundert, T.C.M.J., 1998. "Economic Development in Europe : 1960-1996," Research Memorandum 761, Tilburg University, School of Economics and Management.
    2. Bosworth, Barry & Kollintzas, Tryphon, 2001. "Economic Growth in Greece: Past Performance and Future Prospects," CEPR Discussion Papers 2852, C.E.P.R. Discussion Papers.
    3. Fehn, Rainer, 2002. "Arbeitsmarktflexibilisierung und Arbeitslosigkeit," Discussion Paper Series 54, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.
    4. Matteo Iacoviello, 1998. "Inequality Dynamics: Evidence from Some European Countries," LIS Working papers 191, LIS Cross-National Data Center in Luxembourg.
    5. Schmidt Christoph Μ., 1996. "German Economic Growth After the Demise of Socialism: The Potential Contribution of East-West Migration," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 37(2), pages 109-126, December.

    More about this item


    Europe; Growth; Institutions;

    JEL classification:

    • N0 - Economic History - - General
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • N2 - Economic History - - Financial Markets and Institutions


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