Growth economics studies factors that explain economic growth – the increase in output per capita of a country over a long period of time. The same factors are used to explain differences in the level of output per capita between countries, in particular why some countries grow faster than others, and whether countries converge at the same rates of growth.
Growth economics studies factors that explain economic growth – the increase in output per capita of a country over a lo,ng period of time. The same factors are used to explain differences in the level of output per capita between countries in particular why some countries grow faster than others, and whether countries converge at the same rates of growth.