Stability in long-term growth : evidence for a single deterministic trend in Germany (1870-1989)

Belliveau, Stefan (2012): Stability in long-term growth : evidence for a single deterministic trend in Germany (1870-1989).

Abstract

This working paper presents analysis about long-term trend in economic growth by examining per-capita GDP in Germany for the years 1870-1989. It supports explanation for economic growth by way of a single, deterministic trend in market-centered economies, when holding non-economic features constant. This working paper's conclusions do not exclude the possibility that a change to trend growth in per-capita GDP occurs in the post-war German period; but it is suggestive that a single, deterministic trend is more influential than the surface data appear.

• Item Type: MPRA Paper
• Language: English
• Keywords: Economic growth ; economic history ; Germany, 1870-1989
• Subjects: N - Economic History > N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations > N13 - Europe: Pre-1913; N - Economic History > N0 - General > N00 - General; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O50 - General; O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O52 - Europe; N - Economic History > N1 - Macroeconomics and Monetary Economics ; Industrial Structure ; Growth ; Fluctuations > N14 - Europe: 1913-

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