OECD Factbook 2008 is the fourth edition of a comprehensive and dynamic statistical annual from the OECD. More than 100 indicators cover a wide range of areas: economy, agriculture, education, energy, environment, foreign aid, health and quality of life, industry, information and communications, population/labour force, trade and investment, taxation, public expenditure and R&D. This year, the OECD Factbook features a focus chapter on productivity. Data are provided for all OECD member countries with area totals, and in some cases, for selected non-member economies. For each indicator, there is a two-page spread. A text page includes a short introduction followed by a detailed definition of the indicator, comments on comparability of the data, an assessment of long-term trends related to the indicator, and a list of references for further information on the indicator. The next page contains a table and a graph providing - at a glance - the key message conveyed by the data. A dynamic link (StatLink) is provided for each table directing the user to a web page where the corresponding data are available in Excel® format.Click to Access:
- 08 Apr 2008
Historical income and productivity levels
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The process of "catch-up" in average income implies that less advanced economies should experience faster growth in output per capita, typically by adopting the practices of more advanced economies, notably as regards capital, technology and labour utilisation. While less developed countries may grow more rapidly at the beginning of the catching-up process, their economic growth rates are expected to decline over time as their income levels come closer to those of the more advanced countries.
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