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Their levels of per capita output are nearly identical.
In China, per capita output has been doubling every 10 years.
In agriculture, per capita output in 1977 was no higher than in 1957.
It took European countries until the 1800s to exceed Africa's current per capita output.
Countries can grow per capita output faster when they are catching up with the others, like China.
When Britain launched the Industrial Revolution in the late 18th century, it took 58 years for per capita output to double.
Similar(25)
They conclude that per-capita output is positively related with social infrastructure.
Table 2 shows the decomposition of the growth rate of per-capita output in Spain from 1850 to 2000.
The first block (A) shows the contribution of each input factor physical and human capital—, both in per capita terms, to the growth rate of per-capita output.
Carmen Reinhart of Maryland and Kenneth Rogoff of Harvard show that there have been 18 post-World War II banking crises in industrial nations where the average drop in real per-capita output growth was more than 2%.
There have been 18 post-World War II banking crises in industrial nations where the average drop in real per-capita output growth was more than 2%, according to economists Carmen Reinhart of Maryland and Kenneth Rogoff of Harvard.
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