Europe and the USA: Comparing What with What?

Kurt W. Rothschild

Kyklos, 2000, vol. 53, issue 3, 249-264

Abstract: Recent divergencies in economic development have led to a growing literature comparing the US economy with (OECD‐)Europe. The present article argues for a sceptical awareness of some limitations of these comparisons. By alternative groupings of countries the heterogeneous nature of European countries is underlined (limited to growth, inflation, and unemployment). This leads to the conclusion that to some extent comparisons between European nations or between the US and individual European nations could be valuable supplements to the generalizing US‐Europe comparisons.

Date: 2000
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