United+States+and+Canada

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Discussion
Economic growth in the U.S. since 1960 seems largely driven by the creation of new ideas, as described by the Romer model (Ch. 6).

Key Stats
k^{1/3} math ||= **Implied TFP** ||= **I/Y** ||= **K/Y** ||^  ||
 * ~ Name ||~ Pop ||~ GDP/Pop ||~ y ||||= Prod Model (Ch 4) ||||= Solow Model (Ch 5) ||~ g ||
 * ^  ||^   ||^   ||^   ||= math
 * U.S. ||> 301.3 ||> 42,887 ||> 1.00 ||> 1.00 ||> 1.00 ||> .245 ||> 3.17 ||> .023 ||
 * Canada ||> 32.9 ||> 36,168 ||> .84 ||> .95 ||> .89 ||> .260 ||> 3.21 ||> .024 ||

(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.)