Abstract
While the economies of Asia and, more recently, South as well as North America have enjoyed sustained high growth, the growth performance of western Europe and in particular continental Europe has been rather modest. Coupled with sizable improvements in labor productivity and — at best — steady capital productivity, growth proved insufficient to sustain employment levels, much less to replicate the US job creation success.
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© 1997 Springer-Verlag Berlin Heidelberg
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Welfens, P.J.J., Wolf, H.C. (1997). Introduction. In: Welfens, P.J.J., Wolf, H.C. (eds) Banking, International Capital Flows and Growth in Europe. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-59030-6_1
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DOI: https://doi.org/10.1007/978-3-642-59030-6_1
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-63823-7
Online ISBN: 978-3-642-59030-6
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