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Institutions and Economic Growth: Europe After World War II

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  • Eichengreen, Barry

Abstract

European economic growth in the quarter of a century that ended in 1973 outstripped growth in any period of comparable length before or since. The elements of Europe's growth miracle -- wage moderation, high investment and rapid export growth -- were delivered by a tailor-made set of domestic and international arrangements -- on the domestic side the social market economy, on the external side international agreements and supranational institutions -- that solved problems of commitment and cooperation that would have otherwise hindered the resumption of growth.

Suggested Citation

  • Eichengreen, Barry, 1994. "Institutions and Economic Growth: Europe After World War II," CEPR Discussion Papers 973, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:973
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    Citations

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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. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
    3. Daniel Aparicio-Pérez & Maria Teresa Balaguer-Coll & Emili Tortosa-Ausina, 2023. "On the relative contributions of national and regional institutions to economic development," Working Papers 2023/01, Economics Department, Universitat Jaume I, Castellón (Spain).
    4. Elena Sánchez-García & José-Miguel Martinez-Carrión & Jose Manuel Terán & Carlos Varea, 2021. "Biological Well-Being during the “Economic Miracle” in Spain: Height, Weight and Body Mass Index of Conscripts in the City of Madrid, 1955–1974," IJERPH, MDPI, vol. 18(24), pages 1-16, December.
    5. Molinder, Jakob, 2019. "Why Was Unemployment so Low in Postwar Sweden? An Analysis with New Unemployment Data by Manufacturing Industry, 1935-1948," Lund Papers in Economic History 201, Lund University, Department of Economic History.
    6. Fehn, Rainer, 2002. "Arbeitsmarktflexibilisierung und Arbeitslosigkeit," Discussion Paper Series 54, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.
    7. Eric Bengtsson & Engelbert Stockhammer, 2018. "Wages, income distribution and economic growth in Scandinavia," Working Papers PKWP1811, Post Keynesian Economics Society (PKES).
    8. Bosworth, B. & Kollintzas, T., 2001. "Economic Growth in Greece: Past Performance and Future Prospects," Athens University of Economics and Business 134, Athens University of Economics and Business, Department of International and European Economic Studies.
    9. Hegelund, Erik & Taalbi, Josef, 2023. "What determines unemployment in the long run? Band spectrum regression on ten countries 1913–2016," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 144-167.
    10. Denise Eby Konan & Sumner J. La Croix & James A. Roumasset & Jeffery Heinrich, 1995. "Intellectual Property Rights in the Asian‐Pacific Region: problems, patterns, and policy," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 9(2), pages 13-35, November.
    11. Kristina Spantig, 2013. "Keynesian Dominance in Crisis Therapy," Global Financial Markets Working Paper Series 45-2013, Friedrich-Schiller-University Jena.
    12. Manow, Philip, 2001. "Globalization, corporate finance, and coordinated capitalism: Pension finance in Germany and Japan," MPIfG Working Paper 01/5, Max Planck Institute for the Study of Societies.
    13. Matteo Iacoviello, 1998. "Inequality Dynamics: Evidence from Some European Countries," LIS Working papers 191, LIS Cross-National Data Center in Luxembourg.
    14. 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.
    15. Michael Peneder & Karl Aiginger & Gernot Hutschenreiter & Markus Marterbauer, 2001. "Structural Change and Economic Growth," WIFO Studies, WIFO, number 20668.

    More about this item

    Keywords

    Europe; Growth; Institutions;
    All these keywords.

    JEL classification:

    • N0 - Economic History - - General
    • N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
    • N2 - Economic History - - Financial Markets and Institutions

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