Rapid Growth Potential and its Realisation: The Experience of Capitalist Economies in the Postwar Period

Moses Abramovitz
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Moses Abramovitz: Stanford University

Chapter 1 in Economic Growth and Resources, 1979, pp 1-51 from Palgrave Macmillan

Abstract: Abstract Dramatic statements about the remarkable growth of the industrialised market economies are by now superfluous. The forces which account for this notable experience, however, still challenge explanation. And without a well-tested explanation, we are in a poor position to say whether rapid growth has now come to an end or whether it is likely to be resumed. Equally, we are in a poor position to suggest what policies might regenerate and sustain rapid growth were that an agreed aim of public policy.

Keywords: Productivity Growth; Total Factor Productivity; Capitalist Economy; Total Factor Productivity Growth; Postwar Period (search for similar items in EconPapers)
Date: 1979
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DOI: 10.1007/978-1-349-16173-7_1

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