Abstract
Economic growth in Europe has been disappointing in the past few years, especially when compared to the US, and in addition growth in the UK has looked more robust than that in the large continental economies. There could be many factors that contribute to these differences, and they are addressed in the articles by Crafts; Barrell, Guillemineau and Holland; Mc Morrow and Röger; and Bebee and Hunt in this Review. This introduction discusses some of the factors affecting growth, and draws some conclusions from these studies that help us understand why growth may differ between countries for sustained periods of time, and also why underlying, or trend growth rates may vary over time.
Publisher
Cambridge University Press (CUP)
Subject
General Economics, Econometrics and Finance
Reference4 articles.
1. Economic Performance in France, Germany and the United Kingdom: 1997–2002
2. The Impact of Short- and Long-run Exchange Rate Uncertainty on Investment: A Panel Study of Industrial Countries*
3. Barrell, R. (2003), ‘Monetary and fiscal frameworks in Europe – assessing and choosing monetary and fiscal policy rules’, submissions on EMU from leading academics, HM Treasury EMU Assessment Exercise, June, pp. 3–14.