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What is Maddison Data Set Analysis about?

The document analyzes economic growth trends in various regions from the 19th century to 2010 based on the Maddison data set. It finds that: 1) Western European powers experienced strong but gradual growth throughout the 1800s led by Britain, with growth accelerating from the 1840s onward. World Wars caused major setbacks but growth largely resumed afterward. 2) New Western offshoots like the US surpassed old European powers by 1870 and the US economy nearly doubled that of Europe by 1930, experiencing m

Author

Phil Louis

Language

EN