Twentieth Century Growth*This research has received funding from the European Research Council under the European Union’s Seventh Framework Programme (FP7/2007-2013) / ERC grant agreement no. 249546.*
Nicholas Crafts () and
O’Rourke, Kevin Hjortshøj
Authors registered in the RePEc Author Service: Kevin Hjortshøj O'Rourke ()
Chapter 06 in Handbook of Economic Growth, 2014, vol. 2, pp 263-346 from Elsevier
This paper surveys the experience of economic growth in the 20th century with a focus on technological change at the frontier together with issues related to success and failure in catch-up growth. A detailed account of growth performance based on historical national accounts data is given and is accompanied by a review of growth accounting evidence on the sources of economic growth. The key features of our analysis of divergence in growth outcomes are an emphasis on the importance of “directed” technical change, of institutional quality, and of geography. We provide brief case studies of the experience of individual countries to illustrate these points.
Keywords: Catch-up growth; Divergence; Growth accounting; Technical change (search for similar items in EconPapers)
JEL-codes: N10 O33 O43 O47 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:grochp:2-263
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