Learn Before
Comparing GDP Per Capita Levels and Growth Rates Across Nations
Ibn Battuta
Data Sources for the History's Hockey Stick Graph
GDP Per Capita as a Measure of Average Living Standards
Wealth and Poverty Before the 'Hockey Stick' Kink
Economic Inequality
Economic History
The 'Flat World' and the Great Divergence: A Millennium of Global Inequality
Intra-Country vs. Inter-Country Inequality in the 14th-17th Centuries
Historical accounts from the 14th to 17th centuries reveal a world where economic inequality within a country was far more significant than the differences between countries. While some regions, like Italy, were moderately wealthier than places such as Britain, India, and Japan, these international disparities were overshadowed by the vast gap between the rich and poor within any given society. An individual's economic destiny was primarily determined by their parents' social position and their gender, with social status often marked by titles like feudal lord, serf, royalty, subject, merchant, or even enslaved person. In this era, the specific country a person was born in was a much less critical factor for their financial prospects compared to the modern day.
0
1
Contributors are:
Who are from:
Tags
Social Science
Empirical Science
Science
Economy
CORE Econ
Ch.1 The Capitalist Revolution - The Economy 1.0 @ CORE Econ
Economics
Ch.1 Prosperity, inequality, and planetary limits - The Economy 2.0 Microeconomics @ CORE Econ
The Economy 2.0 Microeconomics @ CORE Econ
The Economy 1.0 @ CORE Econ
Related
History’s Hockey Stick: Stagnant Income Before Sustained Growth
Capitalism, Causation, and History’s Hockey Stick
India's Progress in Living Standards and Persistent Poverty (14th Century to Present)
Living Standards Visualization: Pre-1800 Limitations
Intra-Country vs. Inter-Country Inequality in the 14th-17th Centuries
Purchasing Power Parity (PPP)
Latin American Growth
Figure 1.1: The History's Hockey Stick Graph of GDP Per Capita
China's Economic Decline
Modern Global Wealth Hierarchy (2018): Comparisons of Japan, India, Britain, US, and Norway
Britain's Early and Gradual 'Hockey Stick' Kink
Japan's Sharp 'Hockey Stick' Kink around 1870
Pre-1800 GDP Data Scarcity and Its Impact on Historical Graphs
Data Sources for the History's Hockey Stick Graph
Understanding and Interpreting Ratio Scale Graphs
An economist plots the GDP per capita of two countries, Country X and Country Y, from 2000 to 2020 on a graph with a ratio scale on the vertical axis. In 2000, Country X had a much higher GDP per capita than Country Y. However, over the 20-year period, Country Y experienced a significantly faster average annual growth rate than Country X. Based on this information, which statement best describes how the two lines would appear on the graph?
Choosing the Right Economic Visualization
Consider two countries, Country A and Country B. In a given year, Country A's income per person is $40,000 and it increases by $2,000 the following year. In the same period, Country B's income per person is $10,000 and it increases by $1,000. Which of the following statements provides the most accurate economic comparison?
An economic historian is studying two countries, Alpha and Beta, over a 50-year period. She plots their income per person on a graph where the vertical axis uses a ratio scale. The line for Country Alpha starts at a much higher point on the axis than the line for Country Beta. Over the 50 years, the line for Alpha is nearly flat, while the line for Beta is a steep, upward-sloping straight line. What is the most accurate conclusion the historian can draw from this graph?
Evaluating an Economic Analysis
When examining a graph that plots a country's income per person over several decades using a ratio scale on the vertical axis, a straight, upward-sloping line signifies that the absolute (e.g., dollar amount) increase in income per person was constant year after year.
Evaluating an Investment Recommendation
Interpreting Economic Performance
An economic analyst is comparing two countries, Country A and Country B. In 1990, Country A's income per person was ten times that of Country B. Over the subsequent 30 years, Country A's income per person grew at an average rate of 1% per year, while Country B's grew at an average rate of 7% per year. Which of the following statements provides the most accurate analysis of their relative economic situations after this 30-year period?
An economic historian is comparing the long-term development of two nations, Country A and Country B, by plotting their income per person on a graph with a ratio scale on the vertical axis. Historical data reveals the following:
- Country A had a relatively high income per person 300 years ago and has experienced a slow but consistent proportional increase in income ever since.
- Country B had a very low income per person 300 years ago, which remained stagnant for the first 250 years, but has g
Delayed Economic Growth in China and India Until Post-Colonial Independence
Catch-Up Growth of 'Latecomer' Economies: India and China
Figure 3.7: Evolution of GDP per Capita Relative to the US (US = 100) at Purchasing Power Parity (2009–2023)
Intra-Country vs. Inter-Country Inequality in the 14th-17th Centuries
Comparison of Historical and Modern Economic Information Sources
Colossi of Memnon
Ibn Battuta's Description of Abundance in 14th-Century Bengal
The Traditional 50% Sharecropping Norm in West Bengal (Bargadari System)
Latin American Growth
China's Economic Decline
India's Progress in Living Standards and Persistent Poverty (14th Century to Present)
Living Standards Visualization: Pre-1800 Limitations
The Great Divergence: Global Economic Inequality and the Industrial Revolution
Comparing GDP Per Capita Levels and Growth Rates Across Nations
Intra-Country vs. Inter-Country Inequality in the 14th-17th Centuries
Examples Using GDP to Calculate National Economic Growth 1000-2000CE
Alternative Interactive Chart for GDP Data
Variability of the 'Hockey Stick' Growth Pattern Across Countries
Britain's Early and Gradual 'Hockey Stick' Kink
Japan's Sharp 'Hockey Stick' Kink around 1870
Broadberry's 2021 Synthesis on the Great Divergence
Total Economy Database as a Source for Historical Economic Data
Broadberry, Guan, and Li's 2018 Study on China's Economic History
Bishnupriya Gupta's Research on India's Economic Stagnation under British Rule and Post-Independence Growth
Validity of Historical GDP Estimates for Non-European Economies