Growth outside the stable path: Lessons from the European reconstruction

This paper exploits a natural experiment, the large destruction of capital in continental Europe during World War II, to characterize the transitional dynamics of an economy that begins with a capital stock below its steady state level. We use these regularities as a benchmark to discriminate among...

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Bibliographic details

Volume:	52
Main Author:	Alvarez-Cuadrado, Francisco
Format:	Journal Article
Language:	English
Zielgruppe:	Trade Academic
Place of publication:	AMSTERDAM Elsevier B.V 2008 ELSEVIER Elsevier Elsevier Science Publishers
published in:	European economic review Vol. 52; no. 3; pp. 568 - 588
Data of publication:	2008
ISSN:	0014-2921 1873-572X
EISSN:	1873-572X
Discipline:	Economics
Series:	European Economic Review
Subjects:	Time non-separable preferences Production function Economic growth European economic history Economics Business & Economics Social Sciences Evaluation United Kingdom Economic development Analysis United Kingdom Time non-separable preferences O40 Production function E10 Economic growth European economic history HABIT FORMATION economic growth CAPITAL-LABOR SUBSTITUTION DYNAMICS time non-separable preferences MODEL production function
Online Access:	available in Bonn?
Database:	Social Sciences Citation Index Web of Science - Social Sciences Citation Index - 2008 Web of Knowledge Web of Science RePEc RePEc IDEAS CrossRef Academic OneFile (A&I only) Database information Databases - DBIS