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Post-War Growth of the Danish Economy

Author

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  • Pedersen, Peder J

Abstract

Economic growth in Denmark in the post-war years has been close to the OECD average. The `golden age' of very high growth was, however, of shorter duration in Denmark than in most other OECD countries. The main emphasis in this paper is on the description of productivity performance in the post-war years, and growth performance in a long-run international context. Growth perspectives originating in the 1930s and 1940s are included before the analysis of growth determinants in the post-war years is taken up. Sectoral shifts in production and shifts in relative prices contribute significantly to a reduction of growth some years before the OPEC oil price shocks. Finally, economic policy in the post-war years is discussed with special emphasis on the implications for growth.

Suggested Citation

  • Pedersen, Peder J, 1994. "Post-War Growth of the Danish Economy," CEPR Discussion Papers 994, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:994
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    Citations

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    Cited by:

    1. Abildgren, Kim, 2012. "Business cycles, monetary transmission and shocks to financial stability: empirical evidence from a new set of Danish quarterly national accounts 1948-2010," Working Paper Series 1458, European Central Bank.

    More about this item

    Keywords

    Economic Policy; Growth Determinants; Productivity Performance;

    JEL classification:

    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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