G2TT
来源类型Discussion paper
规范类型论文
来源IDDP8827
DP8827 Western Europe's Growth Prospects: an Historical Perspective
Nicholas Crafts
发表日期2012-02-01
出版年2012
语种英语
摘要This paper surveys the recent economic history of Western European growth. It concludes that this experience has been disappointing and that further reforms are desirable in many countries. The requirement for reform comes both from achieving 'close-to-frontier' status and from the opportunities provided by the new technological era. The paper goes on to consider the effects that the current crisis may have on medium-term growth rates. The lesson from the 1930s is that, if the current crisis leads to a similarly bad downturn, the policy reaction in terms of greater state intervention will not be conducive to improved growth prospects.
主题International Macroeconomics
关键词Catch-up growth General purpose technology Social capability Supply-side policy
URLhttps://cepr.org/publications/dp8827
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/537663
推荐引用方式
GB/T 7714
Nicholas Crafts. DP8827 Western Europe's Growth Prospects: an Historical Perspective. 2012.
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