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Western Europe’s growth prospects : an historical perspective
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Crafts, N. F. R. (2012) Western Europe’s growth prospects : an historical perspective. Working Paper. Coventry, UK: Department of Economics, University of Warwick. CAGE Online Working Paper Series, Volume 2012 (Number 71).
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Text (Working paper)
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
Abstract
This paper surveys the recent history of Western European growth. It concludes that this experience
has been disappointing and that further reforms are desirable in many countries. The requirement
for reform comes both from achieving ‘close-to-frontier’ status and from the opportunities provided
by the new technological era. The paper goes on to consider the effects that the current crisis may
have on medium-term growth rates. The lesson from the 1930s is that, if the current crisis leads to a
similarly bad downturn, the policy reaction in terms of greater state intervention will not be
conducive to improved growth prospects.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Alternative Title: | Western Europe’s growth prospects : a historical perspective | ||||
Subjects: | H Social Sciences > HB Economic Theory | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | European Union, European Union countries, Economic policy | ||||
Series Name: | CAGE Online Working Paper Series | ||||
Publisher: | Department of Economics, University of Warwick | ||||
Place of Publication: | Coventry, UK | ||||
Official Date: | January 2012 | ||||
Dates: |
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Volume: | Volume 2012 | ||||
Number: | Number 71 | ||||
Number of Pages: | 41 | ||||
Status: | Not Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Open Access (Creative Commons) | ||||
Date of first compliant deposit: | 1 August 2016 | ||||
Date of first compliant Open Access: | 1 August 2016 |
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