标题: US Real GDP Per Capita in Long Run: Harvard [打印本页] 作者: choi 时间: 10-25-2014 13:59 标题: US Real GDP Per Capita in Long Run: Harvard My comment:
(a) The long-term GDP growth rates of United States appeared on the covers of Charles I Jones’ Macroeconomics. But almost all macroeconomics textbooks include such inside.
(b) US Real GDP Per Capita in Long Run.
isites.harvard.edu/fs/docs/icb.topic448946.files/lecture_facts_growth.pdf
(i) This is a 25-page free e-booklet. That is all I can find about it: for example, author is unclear to me.
(ii) Taiwan
(A) Page 7 displays Taiwan’s real per capita GDP (NOT growth rate), since 1900s. It is surprising that Taiwan under KMT (including 1945-1949, contrary to public belief over there) grew faster than under Japan.
(B) "Growth rates 1960-2000 for 111 countries averaged 1.8% per year. See Figure. Range is from-3.6% per year for Congo (Kinshasa) to 6.4% per year for Taiwan.” page 12
(C) Taiwan is mentioned in bar charts of pages 14 to 16 (inclusive).
(c) SSA = Sub-Saharan Africa
(d) "Catch up of China to US? In 2000, Chinaroughly at $3900 (2000 US$), US at about $34,800,factor of a little more than 8. Catch up by 2020—i.e.in 20 years?" page 17
This, together with (ii)(B), suggests the booklet was written shortly after 2000.
(e) "Idea of conditional convergence. Lower real gdp per person [ ] implies faster per capita growth rate,conditional on factors (individual characteristics,policies, institutions) that determine long-run position * * * See Figures on convergence relationships across countries [figures on pages 21 and 23] and US states [a figure on page 22]." pages 18-19