The Facts of Economic Growth

87 Pages Posted: 11 May 2015 Last revised: 30 May 2015

See all articles by Charles I. Jones

Charles I. Jones

Stanford Graduate School of Business; National Bureau of Economic Research (NBER)

Date Written: May 2015

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.

Suggested Citation

Jones, Charles I., The Facts of Economic Growth (May 2015). NBER Working Paper No. w21142. Available at SSRN: https://ssrn.com/abstract=2604823

Charles I. Jones (Contact Author)

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