ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Why did the average GDP growth rate declined in Western Europe during the period of 1913- 1950 comparing to the period 1870-1913. Start you answer by quoting the GDP growth rates (not GDP per capita growth rates) from the Madison table.

Table 3-1a. Growth of Per Capita GDP, Population and GDP: World and Major Regions, 1000–1998
(annual average compound growth rates)
1000-1500 1500-1820
1820-70 1870-1913 1913-50
1950-73
(1973-98
Per capita GDP
1.78
T.94
2.34
3.54
0.99
-1.10
0.01
1.33
0.95
1.42
Westem Europe
Westem Offhoots
Japan
Asia (exduding Japan)
"Lain America
Eastem Europe & former USSR
Africa
World
0.13
• 0.00
4.08
0.15
0.34
132
1.81
0.76
1.55
0.89
8.05
2.92
2.52
1.48
0.38
1.81
• 1.15
0.64
1.30.
0.03
0.09
0.19
0.05
0.00
0.15
-0.11
-0.02
0.01
0.04
-0.01
0.05
0.10
0.64
0.12
0.53
1.42
1.50.
3.49
2.07
2.93
0.10
0.01
0.05
1.02
0.91
Populabon
0.32
1.02
0.70
(155
1.15
2.19
Westem Europe
Westem Offshoots
Japan
Asia (excluding Japan)
Latin America
Eastem Europe & former USSR
Africa
World
0.16.
0.07
0.14.
0.09
0.09
0.16.
0.26
0.43
0.22
0.29
0.06
0.69
2.87
0.21
0.15
1.27
0.77
2.07
0.95
0.55
1.64
1.21
0.75
0.42
1.25
1.31
0.61
1.86
2.01
0.54
2.73
1.66
0.92
1.97
2.73
• 0.34
1.65
- 0.93
131
2.33
1.92
0.34
.0.87
0.15
0.27
0.40
0.40
0.07
0.10
0.80
GDP/
1.65
4.33
0.41
2.11
2.98
2.97
5.46
.3.02
-0.56
2.74
3.01
2.10
Westem Europe
Western Offshoots
- Japan
Asia (excluding Japan)
- Latin America
Eastern Europe & former USSR
Africa
World
4.81
4.03
9.29.
5.18
5.33
4.84
4.45
0.30
0.07
0.18
0.41
1.19
0.78
*0.31
3.92
281
2,21 .
0.90
3.43
1.84
2.69
1.85
2.44
0.13
0.09
0.20
0.06
0.15
0.29
0.21
0.44
0.16
0.32
0.03
1.37
0.94
3,48
2.37
1.40
2.11
1.52
0.52
0,93
4.91
Source
Appendices A and B. .
Table 3-1b. Levels of Per Capita GDP and Interregional Spreads, 1000-1998
1990 international dollar).
· 1000
--1500
1820 -
1870
1913
1950
1973
1998
1 232
1 201
669
575
3 473
5 257 .
1387
640
1511
1 501
• 585
1510
1 974
2 431
737
11 534
16 172
(Western Europe
Western Offshoots
Japan
Asia (exduding Japan).
Latin America
Eastem Europe & former USSR
Africa
World
Interregional Spreads
400
400
425
450
400
400
416
435
1.1:1
774
400
500
572
416
483
400
565
2:1
4 594
9 288
1 926
635
2 554
2 601
17 921
26 146
20 413
2 936
5 795
4 354
1 368
-5 709
19:1
11 439
1 231
4 531
543
665
667
418
667
3:1
698
917
5.729
1 365
444
867
5:1
852
2114
4 104
13:1
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Transcribed Image Text:Table 3-1a. Growth of Per Capita GDP, Population and GDP: World and Major Regions, 1000–1998 (annual average compound growth rates) 1000-1500 1500-1820 1820-70 1870-1913 1913-50 1950-73 (1973-98 Per capita GDP 1.78 T.94 2.34 3.54 0.99 -1.10 0.01 1.33 0.95 1.42 Westem Europe Westem Offhoots Japan Asia (exduding Japan) "Lain America Eastem Europe & former USSR Africa World 0.13 • 0.00 4.08 0.15 0.34 132 1.81 0.76 1.55 0.89 8.05 2.92 2.52 1.48 0.38 1.81 • 1.15 0.64 1.30. 0.03 0.09 0.19 0.05 0.00 0.15 -0.11 -0.02 0.01 0.04 -0.01 0.05 0.10 0.64 0.12 0.53 1.42 1.50. 3.49 2.07 2.93 0.10 0.01 0.05 1.02 0.91 Populabon 0.32 1.02 0.70 (155 1.15 2.19 Westem Europe Westem Offshoots Japan Asia (excluding Japan) Latin America Eastem Europe & former USSR Africa World 0.16. 0.07 0.14. 0.09 0.09 0.16. 0.26 0.43 0.22 0.29 0.06 0.69 2.87 0.21 0.15 1.27 0.77 2.07 0.95 0.55 1.64 1.21 0.75 0.42 1.25 1.31 0.61 1.86 2.01 0.54 2.73 1.66 0.92 1.97 2.73 • 0.34 1.65 - 0.93 131 2.33 1.92 0.34 .0.87 0.15 0.27 0.40 0.40 0.07 0.10 0.80 GDP/ 1.65 4.33 0.41 2.11 2.98 2.97 5.46 .3.02 -0.56 2.74 3.01 2.10 Westem Europe Western Offshoots - Japan Asia (excluding Japan) - Latin America Eastern Europe & former USSR Africa World 4.81 4.03 9.29. 5.18 5.33 4.84 4.45 0.30 0.07 0.18 0.41 1.19 0.78 *0.31 3.92 281 2,21 . 0.90 3.43 1.84 2.69 1.85 2.44 0.13 0.09 0.20 0.06 0.15 0.29 0.21 0.44 0.16 0.32 0.03 1.37 0.94 3,48 2.37 1.40 2.11 1.52 0.52 0,93 4.91 Source Appendices A and B. . Table 3-1b. Levels of Per Capita GDP and Interregional Spreads, 1000-1998 1990 international dollar). · 1000 --1500 1820 - 1870 1913 1950 1973 1998 1 232 1 201 669 575 3 473 5 257 . 1387 640 1511 1 501 • 585 1510 1 974 2 431 737 11 534 16 172 (Western Europe Western Offshoots Japan Asia (exduding Japan). Latin America Eastem Europe & former USSR Africa World Interregional Spreads 400 400 425 450 400 400 416 435 1.1:1 774 400 500 572 416 483 400 565 2:1 4 594 9 288 1 926 635 2 554 2 601 17 921 26 146 20 413 2 936 5 795 4 354 1 368 -5 709 19:1 11 439 1 231 4 531 543 665 667 418 667 3:1 698 917 5.729 1 365 444 867 5:1 852 2114 4 104 13:1
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