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Levels of Economic Activity Across Countries

97-01

13 Pages Posted: 26 Apr 1998  

Robert E. Hall

Stanford University - The Hoover Institution on War, Revolution and Peace; National Bureau of Economic Research (NBER)

Charles I. Jones

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

Date Written: January 1997

Abstract

In the title of his 1989 Richard T. Ely lecture to the American Economic Association, David Landes asked, "Why are we so rich and they so poor?" It is an odd fact that the subsequent explosion of empirical work on economic growth, has rarely returned to this question, choosing to focus instead on explaining differences in average growth rates across countries, computed over several decades. In this essay and in recent research (Hall and Jones 1996), we examine economic levels instead of economic growth.

Note: This is not an abstract but is the initial paragraph of the paper.

JEL Classification: E20, O11

Suggested Citation

Hall, Robert E. and Jones, Charles I., Levels of Economic Activity Across Countries (January 1997). 97-01. Available at SSRN: https://ssrn.com/abstract=80211 or http://dx.doi.org/10.2139/ssrn.80211

Robert Hall

Stanford University - The Hoover Institution on War, Revolution and Peace ( email )

Stanford, CA 94305-6010
United States
650-723-2215 (Phone)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States
650-723-2215 (Phone)

Charles Jones (Contact Author)

Stanford Graduate School of Business ( email )

Stanford GSB
655 Knight Way
Stanford, CA 94305-4800
United States
650-725-9265 (Phone)

HOME PAGE: http://www.stanford.edu/~chadj

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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