1. European Growth Phases, 1890-1992 Period Real GDP Real GDP per capita
Real GDP per hour
Belle époque
2.6
1.7
1.6
1st and 2nd world war.
Great depression 30s
1.4
1.0
1.9
Golden era
4.6
3.8
4.7
Prod’ity slowdown
2.0
2.7
Whole Period
2.5
Source: Crafts and Toniolo

2. These nations grew during WWII
Growth in the WWII Reconstruction Phase.
The Set-Back: (Pre-war year when GDP equalled that of 1945)
Back-on-Track Year (Year GDP attained highest pre-war level)
Reconstruction Growth (rate 1945 to column 2 year)
Austria
1886
1951
15.2%
Belgium
1924
1948
6.0%
Denmark
1936
1946
13.5%
Finland
1938
1945
n.a.
France
1891
1949
19.0%
Germany
1908
Italy
1909
1950
11.2%
Netherlands
1912
1947
39.8%
Norway
1937
9.7%
Sweden
These nations grew during WWII
Switzerland UK
Source: Crafts and Toniolo

3. GDP per capita & Rankings, 1950 and 1973 (1990 international dollars).
European Rank 1950
Change in Rank
GDP Growth Rate
EEC average
4,825
8.0
+ 1.2
4.2
Netherlands
5,850 5 -1
3.4
Belgium
5,346 6 -2
3.5
France
5,221 7
+ 2
4.0
Germany
4,281 9
+ 5
5.0
Italy
3,425 13
4.9
EFTA average
6,835
3.6
-1.4
3.0
Switzerland
8,939 1
3.1 UK
6,847 2 -5
2.4
Sweden
6,738 3
+ 1
Denmark
6,683 4
Norway
4,969 8 -4
3.2
Finland
4,131 10
Austria
3,731 11
Others average
2,401
14.3
-0.3
5.2
Ireland
3,518 12 -3
Spain
2,397 14
5.8
Portugal
2,132 15
5.6
Greece
1,558 16
6.2
For Comparison USA
9,573
Japan
1,873

4. Experience of Spain & Portugal
Other MR growth effects: investment rate
Experience of Spain & Portugal

5. Other MR growth effects: investment rate
Experience of Ireland

6. Other MR growth effects: investment rate
Experience of Greece

7. Source: Badinger 2005. Growth effects of economic integration

8. From Badinger (2005)

9. From Badinger (2005)

10. Conclusions Badinger (2005)

11. Conclusions Badinger (2005)

12. Conclusions Badinger (2005)

13. Conclusions Deardoff and Stern (2005)

14. Catch-up effect

15. GDP Growth