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Mathematical Analysis of the Historical Economic Growth with a Search for Takeoffs from Stagnation to Growth

Author

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  • Ron W. NIELSEN

    (Griffith University, Australia.)

Abstract

Data describing historical economic growth are analysed. Included in the analysis is the world and regional economic growth. The analysis demonstrates that historical economic growth had a natural tendency to follow hyperbolic distributions. Parameters describing hyperbolic distributions have been determined. A search for takeoffs from stagnation to growth produced negative results. This analysis throws a new light on the interpretation of the mechanism of the historical economic growth and suggests new lines of research.

Suggested Citation

  • Ron W. NIELSEN, 2016. "Mathematical Analysis of the Historical Economic Growth with a Search for Takeoffs from Stagnation to Growth," Journal of Economics Library, EconSciences Journals, vol. 3(1), pages 1-23, March.
  • Handle: RePEc:cvv:journ5:v:3:y:2016:i:1:p:1-23
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    Keywords

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    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • C29 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Other

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