Southern+Europe

Growth Presentation Home

Key Stats
k^{1/3} math ||= **Implied TFP** ||= **I/Y** ||= **K/Y** ||^  || (Notes: **Pop** is 2007 population in millions. **GDP/Pop** is 2007 per capita GDP in 2005 dollars using international prices. **y** is per capita GDP divided by US per capita GDP (i.e. normalized so that the US value is 1). **k^1/3** is capital per capita divided by the US value of capital per capita and then raised to the 1/3 power. **Implied TFP** is **y** divided by **k^1/3**. **I/Y** is the average savings rate from 1980-2007. **K/Y** is the 2007 capital-output ratio. **g** is the average growth rate from 1960-2007. [|Click here for links to the source data and tips for calculating.])
 * ~ Name ||~ Pop ||~ GDP/Pop ||~ y ||||= Prod Model (Ch 4) ||||= Solow Model (Ch 5) ||~ g ||
 * ^  ||^   ||^   ||^   ||= math
 * Italy ||> 58.1 ||> 28,815 ||> 0.67 ||> 0.97 ||> 0.81 ||>  ||> 4.37 ||>   ||
 * Spain ||> 40.4 ||> 31,446 ||> .73 ||> .97 ||> .75 ||> .315 ||> 3.92 ||> .036 ||
 * Romania ||> 22.3 ||> 21,700 ||> 0.506 ||> 0.8559 ||> 0.5912 ||> 0.317 ||> 3.93 ||> 0.0388 ||
 * Greece ||>  ||>   ||>   ||>   ||>   ||>   ||>   ||>   ||
 * Portugal ||> 10.64 ||> 20,127 ||> .47 ||> .89 ||> .53 ||> .316 ||> 4.43 ||> .016 ||
 * Hungary ||> 9.9561 ||> 17,188 ||> .401 ||> .7511 ||> .52825 ||> .2237 ||> 3.46 ||> .025 ||
 * Serbia ||> 7.5 ||> 7244 ||> .17 ||> --- ||> --- ||> .335 ||> -- ||> .056 ||
 * Bulgaria ||> 7.3 ||> 12,579 ||> .293 ||> --- ||> --- ||> 23.85 ||> --- ||> 3.747 [1] ||
 * Croatia ||> 4.4933 ||> 13879 ||> .3236 ||> --- ||> --- ||> .4017 ||> --- ||> .0175 ||
 * Bosnia & Herzegovina ||> 4.6 ||> 6031 ||> .14 ||>  ||> .147 ||> .206 ||>   ||> .076 ||
 * Albania ||> 2.986 ||> 8,000 ||> .1865 ||> .571 ||> .3266 ||> -- ||> -- ||> .55 ||
 * Slovenia ||> 2 ||> 26206 ||> .61 ||> --- ||> --- ||> .145 ||> --- ||> .032 ||
 * Macedonia ||> 2.1 ||> 6,954 ||> .162 ||> --- ||> --- ||> .229 ||> --- ||> -.0014 ||
 * Cyprus ||> .8 ||> 24,093.45 ||> .56 ||> --- ||> --- ||> 31.8 ||> --- ||> .033* ||
 * Montenegro ||> 0.7 ||> 11,048 ||> 0.23 ||> / ||> / ||> / ||> / ||> 7.5% ||

[1] Data on growth rate for Bulgaria is only available from 1970-2006. Calculation is based on the average of these years.
 * Data on growth rate for Cyprus only available from 1980-2006.
 * Data on growth rate for Croatia only available from 1990-2006.