Historical economic growth in Western and Eastern Europe is analysed. These regions should have produced the best and the most convincing confirmation of the Unified Growth Theory because they, and in particular Western Europe, were the centre of the Industrial Revolution, which according to Galor was the prime engine of economic growth. However, the data for Western and Eastern Europe show a remarkable disagreement with the Unified Growth Theory. There is no connection, whatever, between the data and the Unified Growth Theory. The data show that there was never a transition from stagnation to growth because there was no stagnation. Industrial Revolution, which should have the strongest influence in these regions, had absolutely no impact on changing the economic growth trajectories. The alleged remarkable or stunning escape from Malthusian trap did not happen because there was no trap. Unified Growth Theory does not explain the mechanism of the economic growth because its explanations are based on mythical features, which did not exist, the features contradicted by data. This theory needs to be either thoroughly revised or most likely replaced by a theory supported by a professional analysis of economic growth data.
Structural Change, Employment, and Inequality in Europe: an Economic Complexity Approach
European Commission, Joint Research Center(欧盟委员会联合研究中心);Enrico Fermi Research Center(恩里科·费米研究中心);UNU-MERIT and Maastricht University(联合国大学欧洲社会研究所学术院和马斯特里赫特大学)
A Herding-Based Model of Technological Transfer and Economic Convergence: Evidence from Central and Eastern Europe
Institute of Lithuanian Scientific Society(立陶宛科学学会研究所);Institute of Theoretical Physics and Astronomy, Vilnius University(维尔纽斯大学理论与天体物理研究所);Vilnius Gediminas Technical University (VILNIUS TECH)(维尔纽斯格迪米纳斯技术大学)
Panel regression for the GDP of the Central and Eastern European countries using time-varying coefficients
Institute of Lithuanian Scientific Society(立陶宛科学学会研究所);Institute of Theoretical Physics and Astronomy, Vilnius University(维尔纽斯大学理论与天体物理研究所);Vilnius Gediminas Technical University (VILNIUS TECH)(维尔纽斯格迪米纳斯技术大学)