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Industrialisation, catching up and economic growth: a comparative study across the world's capitalist economies

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Date

1989-09

Authors

Dowrick, Steve
Gemmell, Norman
Australian National University. Centre for Economic Policy Research

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Publisher

Canberra : Centre for Economic Policy Research, Australian National University

Access Statement

Open Access

Research Projects

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Abstract

William Baumol (1986) examines the growth performance of some 60 capitalist economies for the period 1950-80 and concludes that there were three 'clubs': the relatively rich industrialized economies experienced average rates of growth of per capita GDP of 3.1 percent per annum; the middle-income market economies grew at about 3 percent per annum; but growth averaged only 1.5 percent per annum for the poorest group of countries.

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URI

https://hdl.handle.net/1885/733767166

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ANU Publications
ANU Centre for Economic Policy Research (CEPR)

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Type

Working/Technical Paper

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ANU Publications Digitisation Project

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Publication

Access Statement

Open Access

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Restricted until

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CEPR-DP-216.pdf (6.7 MB)

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