Development Power and Its Power Model: The Analytic Approach for Continuous Motivity of Economic Growth
AbstractBased on the Partial Distribution [F. Dai, 2001] and the theory of Development Power [F. Dai, 2004], this paper discusses the power model of relation between development power (DP) and productivity. The power model also supports the hypothesis [F. Dai, 2005] that there are three kinds of energy states in economy, i.e. normal state, strong state and super state, and DP is the continuous motivity to economic growth. By the power model of DP, we could interpret in analytic way that the diffusion of DP and the diversifications of economic development also might be occurred after the super state. Finally, the conclusions in this paper are researched in the empirical way, the results indicate the power model is better than the exponential model of DP in many cases, and we could get the inimitable outcomes in describing the macroeconomic process by the power model of DP.
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Bibliographic InfoPaper provided by EconWPA in its series Macroeconomics with number 0505016.
Length: 15 pages
Date of creation: 16 May 2005
Date of revision:
Note: Type of Document - pdf; pages: 15. The Fifth of Working papers for Researches about Development Power (DP)
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Development Power (DP); Partial Distribution; power model; macroeconomic analysis;
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- E - Macroeconomics and Monetary Economics
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- Feng Dai & Hui Liu & Zifu Qin, 2005. "The Logarithm Model of Development Power: A Tool to Analyze the Motivity of Economic Growth," Macroeconomics 0505022, EconWPA.
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