Sc. (hon.) Korea, Rep. What Are the Sources of Long-Term Economic Growth?

Sc. (hon.) Korea, Rep. What Are the Sources of Long-Term Economic Growth? Great dispersion in the levels and rates of growth of real GDP and real GDP per capita across economies What are the causes of the differences in the levels of measured real GDP and GDP per capita? Can the differences bet explained by differences in the levels of measured inputs such as tangible or physical capital (structure and equipment), labor hours, and land? Can the differences in the rates of growth be explained by the differences in the levels and rates of growth of the measured inputs? What are the sources of growth of real GNP over time? How much of the growth of output can be attributed to the growth of measured inputs, tangible capital and labor (and landthe land input is not normally included as a source of growth of output because it is fixed in quantity)?

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