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The Impact Of The British Model On Economic Growth

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  • György Simon, Jr

Abstract

The paper is searching for an answer to the question how the British model affected economic development in its mother country, the United Kingdom . The statistical analysis, models of mathematical economics and econometric investigation make it probable to conclude that there was a substantial difference in success between the Thatcherite and Blairite economic policies; the latter proved more effective. It is particularly remarkable that the Blairite model, connecting privatisation with a successful employment policy, reduced unemployment and social sensitivity, has not only speeded up economic growth but also improved economic equilibrium, curtailing, among others, the budget deficit.

Suggested Citation

  • György Simon, Jr, 2007. "The Impact Of The British Model On Economic Growth," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 52(174-175), pages 45-72, July - De.
    • Handle: RePEc:beo:journl:v:52:y:2007:i:174-175:p:45-72
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    References listed on IDEAS

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    Cited by:

    1. György Simon, 2008. "Basic Questions Of Economic Growth Mechanism," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 53(176), pages 7-37, January -.

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    More about this item

    Keywords

    economic policy; economic theory; growth models; international analyses and comparisons; globalisation;
    All these keywords.

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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