Crafts, Nicholas (1999) Economic growth in the Twentieth Century. Oxford Review of Economic Policy, 15 (4). pp. 18-34. ISSN 1460-2121
Full text not available from this repository.Abstract
Estimates of growth rates of real output per head in various countries are presented and it is concluded that divergence has been more common than catch-up in the twentieth century. Trends in the Human Development Index are reported and these offer a more encouraging picture of the relative performance of poor countries. Key issues in growth economics are reviewed against the background of the long-run evidence; these include the plausibility of innovation-based theories of endogenous growth, the reasons for the commonplace failure of fast-growing countries to sustain their growth, and the impact of technological revolutions on productivity growth.
| Item Type: | Article |
|---|---|
| Official URL: | http://oxrep.oxfordjournals.org/ |
| Additional Information: | © 1999 Oxford University Press and the Oxford Review of Economic Policy Limited |
| Divisions: | Economic History |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| Date Deposited: | 17 Feb 2010 15:37 |
| Last Modified: | 11 Dec 2024 22:12 |
| URI: | http://eprints.lse.ac.uk/id/eprint/7340 |
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