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| Author: | Crafts, N. |
| Title: | The golden age of economic growth in Western Europe, 1950-1973 |
| Journal: | Economic History Review
1995 : AUG, VOL. 48:3, p. 429-447 |
| Index terms: | ECONOMICS GROWTH EUROPE, WEST |
| Language: | eng |
| Abstract: | Ideas from recent work in growth economics are considered in the context of the historical experience of Europe after the Second World War. The episode is revealed as one of extraordinary rapid catch-up based on an investment boom and enhanced social capability for growth. It is suggested that more research is needed on the measurement of human capital and the role of institutions in influencing rates of return on investments. The disappointing British growth performance is examined briefly. |
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