THE IMPACT OF THE BRITISH MODEL ON ECONOMIC GROWTH

György Simon, Jr

Economic Annals, 2007, vol. 52, issue 174-175, 45-72

Abstract: The paper is searching for an answer to the question how the British model affected economic development in its mother country, the United Kingdom . The statistical analysis, models of mathematical economics and econometric investigation make it probable to conclude that there was a substantial difference in success between the Thatcherite and Blairite economic policies; the latter proved more effective. It is particularly remarkable that the Blairite model, connecting privatisation with a successful employment policy, reduced unemployment and social sensitivity, has not only speeded up economic growth but also improved economic equilibrium, curtailing, among others, the budget deficit.

Keywords: economic policy; economic theory; growth models; international analyses and comparisons; globalisation (search for similar items in EconPapers)
JEL-codes: E10 F43 O40 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (1)

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