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Post‐War Growth, Productivity Convergence and Reconstruction

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  • Werner Smolny

Abstract

In this paper, it is shown that aggregate cross‐country analyses of the growth process of the industrial countries should take reconstruction effects into account. The enormous growth rates in many European countries and in Japan in the fifties which often appear as outliers in aggregate analyses of productivity convergence can be understood as a catching‐up with respect to the past. Neoclassical capital deepening combined with arguments from growth models relying on the stock of knowledge, knowledge spillovers and technological diffusion as the source of economic growth can explain the fast reconstruction after the war, without referring to country‐specific growth factors.

Suggested Citation

  • Werner Smolny, 2000. "Post‐War Growth, Productivity Convergence and Reconstruction," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 62(5), pages 589-606, December.
    • Handle: RePEc:bla:obuest:v:62:y:2000:i:5:p:589-606
    DOI: 10.1111/1468-0084.00191
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    Cited by:

    1. Ciprian Ionel Turturean & Ciprian Chirilă & Viorica Chirilă, 2022. "The Convergence in the Sustainability of the Economies of the European Union Countries between 2006 and 2016," Sustainability, MDPI, vol. 14(16), pages 1-34, August.
    2. Gavin Cameron & Chris Wallace, 2002. "Macroeconomic Performance in the Bretton Woods Era and After," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 18(4), pages 479-494.
    3. Sharmila Devadas & Ibrahim Elbadawi & Norman V. Loayza, 2019. "Growth After War in Syria," Working Papers 1340, Economic Research Forum, revised 21 Aug 2019.
    4. Próchniak, Mariusz & Witkowski, Bartosz, 2013. "Time stability of the beta convergence among EU countries: Bayesian model averaging perspective," Economic Modelling, Elsevier, vol. 30(C), pages 322-333.
    5. Alan Booth, 2003. "The manufacturing failure hypothesis and the performance of British industry during the long boom," Economic History Review, Economic History Society, vol. 56(1), pages 1-33, February.
    6. Agnieszka Głodowska, 2017. "Business Environment and Economic Growth in the European Union Countries: What Can Be Explained for the Convergence?," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(4), pages 189-204.

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