Institutions and Economic Growth: Europe After World War II

Barry Eichengreen

No 973, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: European economic growth in the quarter of a century that ended in 1973 outstripped growth in any period of comparable length before or since. The elements of Europe's growth miracle -- wage moderation, high investment and rapid export growth -- were delivered by a tailor-made set of domestic and international arrangements -- on the domestic side the social market economy, on the external side international agreements and supranational institutions -- that solved problems of commitment and cooperation that would have otherwise hindered the resumption of growth.

Keywords: Europe; Growth; Institutions (search for similar items in EconPapers)
JEL-codes: N0 N1 N2 (search for similar items in EconPapers)
Date: 1994-06
References: Add references at CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=973 (application/pdf)
CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:973

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... pers/dp.php?dpno=973

Access Statistics for this paper

More papers in CEPR Discussion Papers from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().