{"id":517,"date":"2014-07-01T16:12:13","date_gmt":"2014-07-01T16:12:13","guid":{"rendered":"http:\/\/zh.aceessays.com\/tc\/?p=517"},"modified":"2015-01-18T20:41:08","modified_gmt":"2015-01-18T20:41:08","slug":"why-are-national-growth-rates-so-similar","status":"publish","type":"post","link":"https:\/\/www.aceessays.com\/tc\/why-are-national-growth-rates-so-similar\/","title":{"rendered":"Why are national growth rates so similar"},"content":{"rendered":"<h3>Why are national growth rates so similar? Why do some countries experience spectacular levels of growth? 1\/3<\/h3>\n<p>Growth rates across the world 65-95:<\/p>\n<ul>\n<li>\u201cspectacular\u201d: China (8.2% 80-95)<\/li>\n<li>\u201cvery good\u201d: East Asia (5.5% 65-90)<\/li>\n<li>\u201cdecent\u201d: South East Asia<\/li>\n<li>\u201cbad\u201d: Latin America<\/li>\n<li>\u201cvery bad\u201d: Sub-Saharan Africa<\/li>\n<\/ul>\n<h3>Why are national growth rates so similar? Why do some countries experience spectacular levels of growth? 2\/3<\/h3>\n<p>Making sense of growth figures:<\/p>\n<ul>\n<li>small numbers go a long way: the number of years necessary to double income is equal to 70\/growth rate<\/li>\n<li>if the economy is growing at 5% per year, it will<\/li>\n<li>take 14 years to double in size<\/li>\n<li>if the economy is growing at 1% per year, it will<\/li>\n<li>take 70 years to double in size<\/li>\n<\/ul>\n<h3>Why are national growth rates so similar? Why do some countries experience spectacular levels of growth? 3\/3<\/h3>\n<p>&nbsp;<\/p>\n<h3>USA, UK and EIRE<\/h3>\n<p>&nbsp;<\/p>\n<h3>China and India<\/h3>\n<p>&nbsp;<\/p>\n<h3>Brazil, S. Korea, Philippines<\/h3>\n<p>&nbsp;<\/p>\n<h3>Economic growth determinants: stylised facts<\/h3>\n<p>1.Output per capital and capital intensity keep increasing Labour (L) measured in man-hours grows more slowly than capital (K) and output (Y)<\/p>\n<p>This means that (K\/L)\u2191 and (Y\/L)\u2191Capital<\/p>\n<p>2. Output ratio is trendless<\/p>\n<p>3. Hourly wages keep increasing<\/p>\n<p>4. The rate of profit is trendless<\/p>\n<p>5. The relative share of GDP going to L and K is trendless<\/p>\n<p><\/p>\n<p>Essay writing skills: <a href=\"http:\/\/www.aceessays.com\/tc\/\">\u8ad6\u6587\u4ee3\u5beb<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why are national growth rates so similar? Why do some countries experience spectacular levels of growth? 1\/3 Growth rates across the world 65-95: \u201cspectacular\u201d: China (8.2% 80-95) \u201cvery good\u201d: East Asia (5.5% 65-90) \u201cdecent\u201d: South East Asia \u201cbad\u201d: Latin America \u201cvery bad\u201d: Sub-Saharan Africa Why are national growth rates so similar? Why do some countries experience spectacular levels of growth? 2\/3 Making sense of growth figures: small numbers go a long way: the number of years necessary to double income is equal to 70\/growth rate if the economy is growing at 5% per year, it will take 14 years to double in size if the economy is growing at 1% per year, it will take 70 years to double in size Why are national growth rates so similar? Why do some countries experience spectacular levels of growth? 3\/3 &nbsp; USA, UK and EIRE &nbsp; China and India &nbsp; Brazil, S.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-517","post","type-post","status-publish","format-standard","hentry","category-notes"],"_links":{"self":[{"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/posts\/517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/comments?post=517"}],"version-history":[{"count":1,"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/posts\/517\/revisions"}],"predecessor-version":[{"id":1534,"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/posts\/517\/revisions\/1534"}],"wp:attachment":[{"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/media?parent=517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/categories?post=517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aceessays.com\/tc\/wp-json\/wp\/v2\/tags?post=517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}