✉news WorldEU Politics first seen 1 d ago, last 1 d ago, peak #12
Researchers take stock of two decades of work on income gaps
Original: Accounting for cross-country income differences: Two decades of progress
A new review examines how economists explain why some countries are far richer than others, summarising two decades of research on cross-country income differences. It covers progress on the roles of productivity, institutions, human capital and technology in shaping national living standards, and assesses which explanations have held up. Economists are expected to debate how much of the gap between rich and poor nations remains unaccounted for.
Why now: The new research review offers a fresh assessment of a long-standing question in economics about why some nations remain much poorer than others.
Evidence
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