Years
|
World Output (%)
|
World Population (%)
|
Per Capita Output (%)
|
0-1700
|
0.1
|
0.1
|
0.0
|
1700-2012
|
1.6
|
0.8
|
0.8
|
1700-1820
|
0.5
|
0.4
|
0.1
|
1820-1913
|
1.5
|
0.6
|
0.9
|
1913-2012
|
3.0
|
1.4
|
1.6
|
Wednesday, April 9, 2014
Growth over the Very Long Run
From the excellent (and long) Capital in the Twenty-First Century by Thomas Piketty. If you look a the time period 1700-2012 - global output grew at an average annual rate of 1.6% with 0.8% coming from population growth and the remaining 0.8% coming from per capita output growth. The two P's dominate growth - population and productivity.
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