Production and Productivity 1920–1962
C. H. Feinstein
Chapter 1 in Economic Growth in Twentieth-century Britain, 1969, pp 1-9 from Palgrave Macmillan
Abstract:
Abstract At a time when so much emphasis is being placed on the need for more rapid growth of the British economy, and, in particular, on the attainment of the target rate of 4 per cent per annum set by N.E.D.C. for the period 1961–6, it may be useful to view this target in the perspective of the long-run rates of growth of the economy over the period since the First World War. It is evident from the historical record that the sustained achievement of a 4 per cent growth rate would represent a very marked improvement on past performance: in both inter-war and post-war years the rate of growth has been between 2 and 2.5 per cent per annum.
Keywords: Rapid Expansion; Target Rate; Royal Statistical Society; Average Annual Rate; British Economy (search for similar items in EconPapers)
Date: 1969
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15344-2_1
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DOI: 10.1007/978-1-349-15344-2_1
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