Impact of international financial assistance on economic growth in Europe after the World War IIJournal: THE JOURNALZHYTOMYR STATE TECHNOLOGICAL UNIVERSITY. SERIES: ECONOMICS (Vol.1, No. 79)
Publication Date: 2017-04-11
Authors : A.Yu. Polchanov;
Page : 120-126
Keywords : military conflicts; Marshall Plan; post-conflict economy; economic development;
This research is devoted to studying the impact of international financial aid on economic growth in Europe after the Second World War. The aim of the investigation is the identification of regularities of post-war recovery of European economies in the second half of the twentieth century and the assessment of international financial aid's role in the economic growth stimulation. The author summarizes domestic and foreign researchers' achievements of studying the issue of the Marshall Plan and its importance for modern Ukraine, and differentiates the classic, capitalistic and modern stages of post-conflict reconstruction of the national economies. The relation between the amount of financial assistance from US government to 14 European countries and the growth of GDP in 1947–1952 is studied with the help of correlation and regression analysis and their significant linear dependence is determined. The issue of institutional support of international financing program of economic recovery of Europe has not been left without attention.
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