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:
O40
E10
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