Working Paper: NBER ID: w21142
Authors: Charles I. Jones
Abstract: 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 the facts with the latest available data.
Keywords: No keywords provided
JEL Codes: E00; O40
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| time (C41) | economic growth (O49) |
| misallocation of resources (D61) | economic growth (O49) |
| improved allocation of talent (D29) | economic growth (O49) |
| Great Depression (G01) | economic growth (O49) |
| historical changes in occupational distributions (J21) | economic growth (O49) |