The Facts of Economic Growth
نویسنده
چکیده
Why are people in the richest countries of the world so much richer today than 100 years ago? And why are some countries so much richer than others? Questions such as these define the field of economic growth. This paper documents the facts that underlie these questions. How much richer are we today than 100 years ago, and how large are the income gaps between countries? The purpose of the paper is to provide an encyclopedia of the fundamental facts of economic growth upon which our theories are built, gathering them together in one place and updating them with the latest available data.
منابع مشابه
A Theoretical & Applied Research in the Field of Degree of Dependency of Economic Growth of Developing Countries to the Economic Growth of Developed Countries
The analyses by the first ranked economists show that the economical growth of the countries that import oil or non-oil developing countries (NODCs) depends on the economical growth of the industrial countries. “Goldstein” & “Khan” by means of a long & complete verification show the dependence of the economical growth and “Callier” also claims this fact that the economical growth of the countri...
متن کاملFACTS Devices Allocation Using a Novel Dedicated Improved PSO for Optimal Operation of Power System
Flexible AC Transmission Systems (FACTS) controllers with its ability to directly control the power flow can offer great opportunities in modern power system, allowing better and safer operation of transmission network. In this paper, in order to find type, size and location of FACTS devices in a power system a Dedicated Improved Particle Swarm Optimization (DIPSO) algorithm is developed for de...
متن کاملThe Measurement of Growth under Embodied Technical Change¤
New U.S. evidence from NIPA contradicts some of the well-known Kaldor stylized facts, and call for a reformulation of the modern theory of economic growth. Among these new facts, two must be stressed: A permanent decline in the relative price of durable goods, and a permanent increase in the real equipment to real GDP ratio. To be consistent with these new facts, growth models must include at l...
متن کاملStylized Facts of Governance, Institutions and Economic Development. Exploring the Institutional Profiles Database
The empirical literature on economic growth agrees that institutions and governance are important determinants of long-run economic growth rates. As a stylized fact, this literature points to a strong correlation between the level of GDP per capita and the general development level of institutions and governance. However, the growth rate of GDP per capita itself, as well as other indicators tha...
متن کاملNumerical Explorations of the Ngai-Pissarides Model of Growth and Structural Change
In this paper we specialize the Ngai-Pissarides model of growth and structural change [American Economic Review 97 (2007), 429-443] to the case of three sectors, representing the primary (agriculture, mining), secondary (construction, manufacturing) and tertiary (services) sectors. On that basis we explore the dynamic properties of the model along the transition path to the steady-state equilib...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2015