G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w3899
来源IDWorking Paper 3899
The Marshall Plan: History's Most Successful Structural Adjustment Program
J. Bradford De Long; Barry Eichengreen
发表日期1991-11-01
出版年1991
语种英语
摘要The post-World War II reconstruction of Western Europe was one of the greatest economic policy and foreign policy successes of this century. "Folk wisdom" assigns a major role in successful reconstruction to the Marshall Plan: the program that transferred some $13 billion to Europe in the years 1948-51. We examine the economic effects of the Marshall Plan, and find that it was not large enough to have significantly accelerated recovery by financing investment, aiding the reconstruction of damaged infrastructure, or easing commodity bottlenecks. We argue, however, that the Marshall Plan did play a major role in setting the stage for post-World War II Western Europe's rapid growth. The conditions attached to Marshall Plan aid pushed European political economy in a direction that left its post World War II "mixed economies" with more "market" and less "controls" in the mix.
主题International Economics ; International Finance
URLhttps://www.nber.org/papers/w3899
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/561234
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GB/T 7714
J. Bradford De Long,Barry Eichengreen. The Marshall Plan: History's Most Successful Structural Adjustment Program. 1991.
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