Template-type: ReDIF-Paper 1.0
Author-Name: Nicholas Crafts
Author-Workplace-Name: Dept of Economics, University of Warwick
Author-Email:n.crafts@warwick.ac.uk
Author-Name: Kevin H. O'Rourke
Author-Workplace-Name: All Souls College, Oxford
Author-Email:kevin.orourke@all-souls.ox.ac.uk
Title: Twentieth Century Growth
Abstract: 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.
Classification-JEL: N10; O33; O43; O47.
Keywords: catch-up growth; divergence; growth accounting; technical change.
Length: 100 pages
Creation-Date: 2013-09-12
Number: _117
File-URL: http://www.economics.ox.ac.uk/materials/papers/12884/Crafts%20O%27Rourke%20117.pdf

File-Format: application/pdf
Handle: RePEc:nuf:esohwp:_117