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Puzzling Features of the Historical Income per Capita Distributions Explained

Journal of Economics Bibliography

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Title Puzzling Features of the Historical Income per Capita Distributions Explained
 
Creator NIELSEN, Ron W.; Environmental Futures Research Institute, Gold Coast Campus, Griffith University, Qld,
 
Subject Income per capita; Gross Domestic Product; Growth of population; Hyperbolic growth.
A10; A12; A20; B41; C02; C12; C20; C50; Y80.
 
Description Abstract. Distributions describing the growth ofthe Gross Domestic Product per capita (GDP/cap) arepuzzling. They show that income per capita was approximately constant over hundreds of years, maybe even over thousands of years, but then, as if suddenly it started to increase.The growth was changed apparently rapidly from approximately horizontal to approximately vertical.Numerous efforts have been made to explain these features but we show that they represent nothing more than the purely mathematical property of dividing two hyperbolic distributions. Historical growth of income per capita can be explained as having been controlled by the simple and familiar forces of growth.Keywords. Income per capita, Gross Domestic Product, Growth of population, Hyperbolic growth.JEL. A10, A12, A20, B41, C02, C12, C20, C50, Y80.
 
Publisher Journal of Economics Bibliography
 
Contributor —
 
Date 2017-02-14
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEB/article/view/1155
10.1453/jeb.v4i1.1155
 
Source Journal of Economics Bibliography; Vol 4, No 1 (2017): March; 10-24
2149-2387
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEB/article/view/1155/1216
 
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