Potential Growth Declined ? The Case of Germany Chart 1 Growth Rates of Industrial Countries
نویسنده
چکیده
Since the 1950s, economic growth rates in industrialized countries have declined. Whereas the per capita growth rate of gross domestic product in industrial countries was 3.7 in the 1950s ind 4.2 in the 1960s, the growth rate came down to 3.0 in the 1970s and to 2.1 in the 1980s (Table 1). This picture of declining growth rates is even stronger when the growth rate is not expressed on a per capita basis.
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