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Title: Institutions and Economic Growth: Europe After World War II

Author(s): Barry Eichengreen

Publication Date: June 1994

Keyword(s): Europe, Growth and Institutions

Programme Area(s): Human Resources and International Macroeconomics

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.

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Bibliographic Reference

Eichengreen, B. 1994. 'Institutions and Economic Growth: Europe After World War II'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=973