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Economic Development in OECD Countries during the 20th Century

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  • Guisan, M.Carmen
  • Cancelo, M.Teresa

Abstract

We present an analysis of economic growth and cycles in main EU, USA, Japan and other OECD countries during the period 1900-1997, and more detailed data and analysis of main economic aggregates for 25 OECD countries during the period 1964-94, including comparisons of Private and Public Consumption, Investment, External Trade and Population. The economic comparisons have into account both exchange rates and purchasing power parities. Some important aspects of demand and supply are analysed in relation with their influence both on economic growth and cycles. We use exponential rates of growth which are interesting for seeing the important influence that moderation of fertility rates have had in the increase of real GDP by inhabitant in OECD countries in comparison with other areas of the World. OECD countries have been generally advanced in education development and that has been one of the more important factors that explain their good performance during the first and second half of 20th century.

Suggested Citation

  • Guisan, M.Carmen & Cancelo, M.Teresa, 2001. "Economic Development in OECD Countries during the 20th Century," Economic Development 49, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    • Handle: RePEc:eaa:ecodev:49
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    File URL: http://www.usc.es/economet/aeeadepdf/aeeade49.pdf
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    Citations

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    Cited by:

    1. GUISAN, Maria-Carmen & AGUAYO, Eva, 2010. "Education, Gender Equality, Social Well-Being And Economic Development In American Countries, 2000-2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 10(2).
    2. Arranz, M., 1997. "Evolucion Del Consumo Privado en Los Paises de la OCDE en 1970-1994: Modelos econométricos de analisis de elasticidades," Faculty of Economics 11, Universidad de Santiago de Compostela, Faculty of Economics, Applied Econometric and Quantitative Studies.
    3. Guisan, M.C., 2013. "Macro-Econometric Models Of Supply And Demand: Industry, Trade And Wages In 6 Countries, 1960-2012," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(2), pages 45-56.
    4. Guisan, M.C., 2009. "Government Effectiveness, Education, Economic Development And Well-Being: Analysis Of European Countries In Comparison With The United States And Canada, 2000-2007," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 9(1).
    5. GUISAN, Carmen & Neira, Isabel, 2006. "Direct and Indirect Effects of Human Capital on World Development, 1960-2004," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(1), pages 17-34.

    More about this item

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • F0 - International Economics - - General
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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