Empirical Applications FIGURE 3.4 GROWTH RATE VERSUS INITIAL PER CAPITA GDP, 1870-2008 0.026 - JPN 0.024 - Growth rate, 1870-2008 0.022 FIN NOR GRC SWE 0.020 ESP PRT IRL CAN ITA 0.018 AUT FRANCHE USA GER 0.016 BALD BAUS 0.014- NZL 0.012 500 1,000 1,500 2,000 2,500 3,000 3,500 Per capita GDP, 1870