Jones, Charles I.; Romer, Paul M. - In: American Economic Journal: Macroeconomics 2 (2010) 1, pp. 224-45
In 1961, Nicholas Kaldor highlighted six "stylized" facts to summarize the patterns that economists had discovered in national income accounts and to shape the growth models being developed to explain them. Redoing this exercise today shows just how much progress we have made. In contrast to...