Twentieth Century Growth
This 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.
|Date of creation:||12 Sep 2013|
|Date of revision:|
|Contact details of provider:|| Web page: https://www.nuffield.ox.ac.uk/economics/|
References listed on IDEAS
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- Harald Edquist, 2010.
"Does hedonic price indexing change our interpretation of economic history? Evidence from Swedish electrification,"
Economic History Review,
Economic History Society, vol. 63(2), pages 500-523, 05.
- Edquist, Harald, 2008. "Does Hedonic Price Indexing Change Our Interpretation of Economic History? Evidence from Swedish Electrification," Working Paper Series 742, Research Institute of Industrial Economics, revised 03 Sep 2009.
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