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A Quantitative Exploration of the Golden Age of European Growth: Structural Change, Public Investment, the Marshall Plan and Intra-European Trade

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  • Francisco Alvarez-Cuadrado

Abstract

Western European income per capita more than tripled in the two and a half decades that followed World War II. The scholarship has identified several potential factors behind this outstanding growth episode, specifically; the large migrations from agriculture to manufacture that took place in post-war Europe, the contribution of the Marshall Plan combined with the public provision of infrastructure and the surge of intra-European trade. This paper can be viewed as an attempt to formalize and quantify the direct contribution of these factors to the outstanding growth of the European Golden Age. Our conclusions highlight their limitations to fully account for that growth experience.
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  • Francisco Alvarez-Cuadrado, "undated". "A Quantitative Exploration of the Golden Age of European Growth: Structural Change, Public Investment, the Marshall Plan and Intra-European Trade," Working Papers UWEC-2004-15, University of Washington, Department of Economics.
    • Handle: RePEc:udb:wpaper:uwec-2004-15
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    Cited by:

    1. Lepore, Amedeo, 2012. "L’andamento della spesa per l’intervento straordinario nel Mezzogiorno d’Italia, dalla golden age alla fine del XX secolo. (The trends in the expenditures of the extraordinary intervention in southern," De Computis "Revista Española de Historia de la Contabilidad". De Computis "Spanish Journal of Accounting History"., Asociación Española de Contabilidad y Administración de Empresas (AECA). Spanish Accounting and Business Administration Association., issue 16, pages 76-119, June.
    2. Jennifer Hunt, 2006. "Why Are Some Public Officials More Corrupt Than Others?," Chapters, in: Susan Rose-Ackerman (ed.), International Handbook on the Economics of Corruption, chapter 11, Edward Elgar Publishing.
    3. Alvarez-Cuadrado, Francisco, 2008. "Growth outside the stable path: Lessons from the European reconstruction," European Economic Review, Elsevier, vol. 52(3), pages 568-588, April.

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    More about this item

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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