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On the Historical Continuity of the Process of Economic Growth

Author

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  • van de Klundert, Theo C N J
  • van Schaik, Anton

Abstract

Pooled regressions, first of eight and then of sixteen countries, show a steady and robust process of endogenous growth in Europe since 1870, interrupted only by the events of World War II and the impact of convergence towards US levels of performance in the 1950s and the 1960s. This result contrasts with that of Maurice Scott, who finds that growth accelerated after 1945. Catching up is no longer relevant in the 1970s and the 1980s, despite a continuing gap in productivity levels vis á vis the US. Neither was it relevant in the pre-World War II era. Growth is, therefore, characterized by the device `back to normal'. Even so, some under-perform in terms of economic growth.

Suggested Citation

  • van de Klundert, Theo C N J & van Schaik, Anton, 1993. "On the Historical Continuity of the Process of Economic Growth," CEPR Discussion Papers 850, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:850
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    Cited by:

    1. van de Klundert, T.C.M.J., 1998. "Economic Development in Europe : 1960-1996," Research Memorandum 761, Tilburg University, School of Economics and Management.
    2. Theo C.M.J. van de Klundert, 2013. "Capitalism and Democracy," Books, Edward Elgar Publishing, number 15248.
    3. van Schaik, A.B.T.M. & Hendrickx, R.L.P., 2000. "Institutions and Economic Success," Other publications TiSEM 666b4786-98fd-455b-8a3b-8, Tilburg University, School of Economics and Management.
    4. Pierre-Yves Hénin & Yannick Le Pen, 1995. "Les épisodes de la convergence européenne," Revue Économique, Programme National Persée, vol. 46(3), pages 667-677.
    5. van de Klundert, T.C.M.J., 1998. "Economic Development in Europe : 1960-1996," Other publications TiSEM 5048a3f4-56de-4d0c-9381-0, Tilburg University, School of Economics and Management.
    6. Herrmann Marco, 2002. "Zur empirischen Suche nach einer effizienten Investitionsquote für Ostdeutschland / About the Empirical Search for an Efficient Ratio of Investment to GDP for East Germany," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 222(6), pages 683-705, December.
    7. Schmidt Christoph Μ., 1996. "German Economic Growth After the Demise of Socialism: The Potential Contribution of East-West Migration," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 37(2), pages 109-126, December.

    More about this item

    Keywords

    Catching Up; Empirics Of Growth; Endogenous Growth;
    All these keywords.

    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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