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Underestimating the Real Growth of GDP, Personal Income and Productivity

Feldstein, Martin S. - 2017

The problems involved in estimating real output that I discuss in this paper cause the official government statistics to underestimate of the rates of growth of real GDP, real personal income, and productivity. That underestimation is important not just to economists trying to understand where...

Persistent link: https://www.econbiz.de/10012455375

Height and Per Capita Income

Steckel, Richard H. - 1982

As an aid to interpreting the results of height-by-age studies this paper investigates the relationship between average height and per capita income. The relationships among income, nutrition, medical care, and height at the individual level suggest that average height is nonlinearly related to...

Persistent link: https://www.econbiz.de/10012478231

Putting Per-Capita Income Back into Trade Theory

Markusen, James R. - 2010

A major role for per-capita income in international trade, as opposed to simply country size, was persuasively advanced by Linder (1961). Yet this crucial element of Linder's story was abandon by most later trade economists in favor of the analytically-tractable but counter-empirical assumption...

Persistent link: https://www.econbiz.de/10012462748

Aging, Output Per Capita and Secular Stagnation

Eggertsson, Gauti B. - 2018

This paper re-examines the relationship between population aging and economic growth. We confirm previous research such as Cutler, Poterba, Sheiner, and Summers (1990) and Acemoglu and Restrepo (2017) that show positive correlation between measures of population aging and per-capita output...

Persistent link: https://www.econbiz.de/10012480557

Family Size and the Distribution of Per Capita Income

Lazear, Edward P. - 1981

This paper is another contribution to the vast literature which addresses this issue: comparison of household income per capita among households of different structures requires judgment about the relationship between real income and family size. Our work uses a revealed preference approach in...

Persistent link: https://www.econbiz.de/10012478511

Globalization, Returns to Accumulationa and the World Distribution of Output

Beaudry, Paul - 2004

This paper examines the extent to which the process of globalization can explain the observed widening in the cross--country distribution of output--per--worker. In particular examine whether the opening up of trade in a Hecksher--Ohlin type model of trade can explain the observed changes. On...

Persistent link: https://www.econbiz.de/10012468128

Does Globalization Make the World More Unequal?

Lindert, Peter H. - 2001

The world economy has become more unequal over the last two centuries. Since within- country inequality exhibits no … ubiquitous trend, it follows that virtually all of the observed rise in world income inequality has been driven by widening gaps … between nations, while almost none of it has driven by widening gaps within nations. Meanwhile, the world economy has become …

Persistent link: https://www.econbiz.de/10012470496

How do Hours Worked Vary with Income? Cross-Country Evidence and Implications

Bick, Alexander - 2016

This paper builds a new internationally comparable database of hours worked to measure how hours vary with income across and within countries. We document that average hours worked per adult are substantially higher in low-income countries than in high-income countries. The pattern of decreasing...

Persistent link: https://www.econbiz.de/10012456798

A Linder Hypothesis for Foreign Direct Investment

Fajgelbaum, Pablo D. - 2011

We study patterns of FDI in a multi-country world economy. We develop a model featuring non-homothetic preferences for …

Persistent link: https://www.econbiz.de/10012461108

An Econometric Model of International Long-run Growth Dynamics

Müller, Ulrich K. - 2019

We develop a Bayesian latent factor model of the joint evolution of GDP per capita for 113 countries over the 118 years from 1900 to 2017. We find considerable heterogeneity in rates of convergence, including rates for some countries that are so slow that they might not converge (or diverge) in...

Persistent link: https://www.econbiz.de/10012480537

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