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Researchers in CEPR's research project on `Comparative
Experience of Economic Growth in Postwar Europe' took part in a Country
Studies Workshop, held in Madrid on 16/17 October and organized by Nicholas
Crafts, Professor of Economic History at the University of Warwick
and Research Fellow in CEPR's Human Resources programme, and Leandro
Prados de la Escosura, Professor of Economics at Universidad Carlos
III, Madrid. Participants focused on the implications for individual
country studies of theoretical advances in identifying the key
components of growth, the application of `new growth theory' to
reinterpret post-war European experience, the contributions of catch-up
and convergence to growth differentials, the relationship of growth with
European integration, and the effects of specific institutions and
policies on technology transfer and factor accumulation. They also
considered recent statistical work on the growth of total factor
productivity and intensity, comparative productivity relative to the US,
R&D and human capital formation, subsidies, taxes and tariffs,
industrial relations, capital markets and the external sector. |
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