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New directions in measurement of economic growth, development and under development

Author

Listed:
  • Mario COCCIA

    (Arizona State University, Interdisciplinary Science and Technology Building 1 (ISBT1) 550 E. Orange Street, Tempe- AZ 85287-4804 USA.)

Abstract

This paper presents a simple model to measure the relative economic growth of economic systems. The model considers S-Shaped patterns of economic growth that, represented with a linear model, measure how an economic system grows in comparison with another one. In particular, this model introduces an approach which indicates if the economic system has a process of economic growth, development or underdevelopment. The application of the model is provided for regions and macro regions of the Italian economic system.

Suggested Citation

  • Mario COCCIA, 2017. "New directions in measurement of economic growth, development and under development," Journal of Economics and Political Economy, KSP Journals, vol. 4(4), pages 382-395, December.
    • Handle: RePEc:ksp:journ1:v:4:y:2017:i:4:p:382-395
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    References listed on IDEAS

    as
    1. Mario Coccia, 2009. "A New Approach for Measuring and Analysing Patterns of Regional Economic Growth: Empirical Analysis in Italy," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 8(2), pages 71-95.
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    Citations

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    Cited by:

    1. Mario COCCIA, 2018. "The relation between terrorism and high population growth," Journal of Economics and Political Economy, KSP Journals, vol. 5(1), pages 84-104, March.
    2. Mario Coccia, 2017. "Measurement of Economic Growth, Development and Under Development: New Model and Application," Papers 1704.05015, arXiv.org.
    3. Mario Coccia, 2023. "COVID-19 Vaccination is not a Sufficient Public Policy to face Crisis Management of next Pandemic Threats," Public Organization Review, Springer, vol. 23(4), pages 1353-1367, December.

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    More about this item

    Keywords

    Economic growth; Convergence; Economic development; Relative growth; S-shaped pattern.;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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