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Twentieth Century Growth

  • Kevin Hjortshøj O'Rourke
  • Nicholas Crafts
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    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.

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    File URL: http://www.economics.ox.ac.uk/materials/papers/12884/CraftsO'Rourke117.pdf
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    Paper provided by University of Oxford, Department of Economics in its series Economics Series Working Papers with number 117.

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    Date of creation: 06 Sep 2013
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    Handle: RePEc:oxf:wpaper:117
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    Web page: http://www.economics.ox.ac.uk/
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