Learn Before
  • GDP Per Capita as a Measure of Average Living Standards

History's Hockey Stick: A Metaphor for Growth

The 'history's hockey stick' is a metaphor originating from the physical shape of a hockey stick. A hockey stick is characterized by a long, straight shaft that curves sharply upwards at the end. This distinct shape is used to visually represent a graphical pattern where a long period of stagnation is followed by a sudden and steep increase. In economics, this metaphor is frequently used to illustrate historical growth in metrics like GDP per capita.

Image 0

0

1

a month ago

Contributors are:

Who are from:

Tags

Social Science

Empirical Science

Science

Economy

CORE Econ

Economics

Introduction to Microeconomics Course

The Economy 2.0 Microeconomics @ CORE Econ

Related
  • 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

  • Figure 1.1: The History's Hockey Stick Graph of GDP Per Capita

  • Living Standards Improvements Post-Colonial Independence

  • Examples Using GDP in the 20th C

  • Comparing GDP Per Capita Levels and Growth Rates Across Nations

  • Intra-Country vs. Inter-Country Inequality in the 14th-17th Centuries

  • Limitations of GDP and GDP Per Capita as Measures of Wellbeing

  • Examples Using GDP to Calculate National Economic Growth 1000-2000CE

  • Britain's Early and Gradual 'Hockey Stick' Kink

  • Japan's Sharp 'Hockey Stick' Kink around 1870

  • History's Hockey Stick: A Metaphor for Growth

  • Impact of Income Inequality on Wellbeing with Constant Average Income

  • Correlation between GDP Per Capita and Other Wellbeing Measures

  • Correlation

  • GDP Per Capita Data from Our World in Data

  • Assessing Statements about GDP Per Capita

  • Accelerated Post-1975 Economic Growth in India and China

  • Correlation Between GDP Per Capita and CO2 Emissions Per Capita

  • Annual Hours of Free Time and Income per Worker (2020) [Figure 3.2]

  • Work Hours vs. GDP in the US, France, and Netherlands (1870-2018) [Figure 3.1]

Learn After
  • Capitalism, Causation, and History’s Hockey Stick