Europe’s Economic Past and Future Barry Eichengreen University of California, Berkeley February...
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Europe’s Economic Past and Future Barry Eichengreen University of California, Berkeley February 28, 2007
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Transcript of Europe’s Economic Past and Future Barry Eichengreen University of California, Berkeley February...
Europe’s Economic Past and Future
Barry Eichengreen
University of California, Berkeley
February 28, 2007
GDP per capita and per hour, 1913-2003
1913 1929 1938 1950 1973 03
GDP per capita as percentage of U.S. levels
France 66 68 73 55 79 73
Germany 69 59 82 41 72 64
Italy 48 45 54 37 64 66
United Kingdom 93 80 102 73 72 72
EU-15 average as % of United States 57 55 66 47 65 72
GDP per hour as percentage of U.S. levels
France 56 n.a. n.a. 46 74111
Germany a 59 n.a. n.a. 32 79 98
Italy 42 n.a. n.a. 35 78100
United Kingdom 84 n.a. n.a. 63 60 83
EU-15 average b 61 n.a. n.a. 44 71 94
The Starting Point and Growth, 1950-73
• Andrea Boltho (1981), The European Economy: Growth and Crisis, (Oxford University Press) p.31.
Europe’s Golden Age
• Nicholas Crafts and Gianni Toniolo, “Postwar Growth: An Overview,” in Crafts and Toniolo, Economic Performance in Europe Since 1945, p 2.
