IDEAS home Printed from https://ideas.repec.org/a/ksp/journ5/v3y2016i4p603-620.html
   My bibliography  Save this article

Mechanism of Hyperbolic Growth Explained

Author

Listed:
  • Ron W. NIELSEN

    (Griffith University, Environmental Futures Research Institute, Australia.)

Abstract

Fundamental law of growth is used to explain the mechanism of hyperbolic growth of human population and of the Gross Domestic Product (GDP). Hyperbolic growth is described by a simple mathematical formula and the explanation of its mechanism turns out to be also simple. Historical economic growth was prompted by the familiar net market force, which was on average directly proportional to the existing wealthexpressed usually as the GDP. The larger was the GDP, the stronger was the driving force and the faster was the economic growth. It is shown that this simple force generates hyperbolic growth. No other force is required. Hyperbolic growth is not assumed but derived when using this force. Historical growth of population was prompted by thebiologically driven force of procreation, which was on average approximately constant per person. This force includes the natural, familiar, biologically controlled process of births, aging and dying. Here again, hyperbolic growth is not assumed but derived when using this force.Explanation of two demographic transitions in the past 12,000 years in the growth of population and of the currently experienced transition is also proposed. Currently, economic growth and the growth of population are no longer unconstrained. Other additional forces contribute significantly to the growth process and the growth is no longer hyperbolic.

Suggested Citation

  • Ron W. NIELSEN, 2016. "Mechanism of Hyperbolic Growth Explained," Journal of Economics Library, KSP Journals, vol. 3(4), pages 603-620, December.
    • Handle: RePEc:ksp:journ5:v:3:y:2016:i:4:p:603-620
    as

    Download full text from publisher

    File URL: http://www.kspjournals.org/index.php/JEL/article/download/1074/1117
    Download Restriction: no
    File URL: http://www.kspjournals.org/index.php/JEL/article/view/1074
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Oded Galor & Omer Moav, 2002. "Natural Selection and the Origin of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1133-1191.
    2. Oded Galor, 2005. "The Demographic Transition and the Emergence of Sustained Economic Growth," Journal of the European Economic Association, MIT Press, vol. 3(2-3), pages 494-504, 04/05.
    3. Ron W. NIELSEN, 2016. "Interpretations of Hyperbolic Growth," Journal of Economics and Political Economy, KSP Journals, vol. 3(4), pages 594-626, December.
    4. Galor, Oded, 2007. "Multiple growth regimes - Insights from unified growth theory," Journal of Macroeconomics, Elsevier, vol. 29(3), pages 470-475, September.
    5. Ron W. NIELSEN, 2016. "The Law of Growth," Journal of Economic and Social Thought, KSP Journals, vol. 3(4), pages 481-489, December.
    6. Oded Galor, 2011. "Unified Growth Theory and Comparative Development," Rivista di Politica Economica, SIPI Spa, issue 2, pages 9-21, April-Jun.
    7. Ron W. NIELSEN, 2016. "The dichotomy of Malthusian positive checks: Destruction and even more intensified regeneration," Journal of Economics Bibliography, KSP Journals, vol. 3(3), pages 409-433, September.
    8. Conrad Taeuber & Irene B. Taeuber, 1949. "World Population Trends," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 31(1_Part_2), pages 237-250.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ron W. NIELSEN, 2017. "Demographic Catastrophes Did Not Shape the Growth of Human Population or the Economic Growth," Journal of Economic and Social Thought, KSP Journals, vol. 4(2), pages 121-141, June.
    2. Ron W. NIELSEN, 2017. "Explaining the Origin of the Anthropocene and Predicting Its Future," Journal of Economic and Social Thought, KSP Journals, vol. 4(4), pages 354-386, December.
    3. Ron W. NIELSEN, 2017. "Puzzling Features of the Historical Income per Capita Distributions Explained," Journal of Economics Bibliography, KSP Journals, vol. 4(1), pages 10-24, March.
    4. Ron W. Nielsen, 2017. "Changing the Direction of the Economic and Demographic Research," Papers 1708.08673, arXiv.org.
    5. Ron W. NIELSEN, 2017. "Changing the direction of the economic and demographic research," Journal of Economics Library, KSP Journals, vol. 4(3), pages 288-309, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ron W. NIELSEN, 2017. "Demographic Catastrophes Did Not Shape the Growth of Human Population or the Economic Growth," Journal of Economic and Social Thought, KSP Journals, vol. 4(2), pages 121-141, June.
    2. Ron W. NIELSEN, 2017. "Changing the direction of the economic and demographic research," Journal of Economics Library, KSP Journals, vol. 4(3), pages 288-309, September.
    3. Ron W. NIELSEN, 2016. "Interpretations of Hyperbolic Growth," Journal of Economics and Political Economy, KSP Journals, vol. 3(4), pages 594-626, December.
    4. Ron W. NIELSEN, 2016. "Scientifically Unacceptable Established Knowledge in Demography and in Economic Research," Journal of Economics Library, KSP Journals, vol. 3(3), pages 429-457, September.
    5. Ron W. Nielsen, 2017. "Changing the Direction of the Economic and Demographic Research," Papers 1708.08673, arXiv.org.
    6. Ron W. NIELSEN, 2016. "Mathematical Analysis of Income Per Capita in the United Kingdom," Turkish Economic Review, KSP Journals, vol. 3(4), pages 551-561, December.
    7. Ron W Nielsen, 2016. "Puzzling properties of the historical growth rate of income per capita explained," Papers 1603.00736, arXiv.org, revised Apr 2016.
    8. Ron W. NIELSEN, 2016. "Mathematical Analysis of Historical Income Per Capita Distributions," Turkish Economic Review, KSP Journals, vol. 3(2), pages 300-319, June.
    9. Ron W. NIELSEN, 2017. "Population and Economic Growth in Australia: 8,000 BC - AD 1700 Extended to 60,000 BC," Journal of Economic and Social Thought, KSP Journals, vol. 4(1), pages 41-54, March.
    10. Ron W. NIELSEN, 2016. "Puzzling Properties of the Historical Growth Rate of Income Per Capita Explained," Journal of Economics Library, KSP Journals, vol. 3(2), pages 241-256, June.
    11. Ron W. NIELSEN, 2016. "The Unresolved Mystery of the Great Divergence is Solved," Journal of Economic and Social Thought, KSP Journals, vol. 3(2), pages 196-219, June.
    12. Ron W Nielsen, 2015. "Mathematics of Predicting Growth," Papers 1510.06337, arXiv.org.
    13. Ron W Nielsen, 2015. "Unified Growth Theory Contradicted by the GDP/cap Data," Papers 1511.09323, arXiv.org, revised Dec 2015.
    14. Ron W. NIELSEN, 2017. "Puzzling Features of the Historical Income per Capita Distributions Explained," Journal of Economics Bibliography, KSP Journals, vol. 4(1), pages 10-24, March.
    15. Ron W. NIELSEN, 2016. "Unified Growth Theory Contradicted by the Mathematical Analysis of the Historical Growth of Human Population," Journal of Economics and Political Economy, KSP Journals, vol. 3(2), pages 242-263, June.
    16. Thomas Baudin & Robert Stelter, 2022. "The rural exodus and the rise of Europe," Journal of Economic Growth, Springer, vol. 27(3), pages 365-414, September.
    17. Ron W. NIELSEN, 2016. "Unified Growth Theory Contradicted by the Absence of Takeoffs in the Gross Domestic Product," Turkish Economic Review, KSP Journals, vol. 3(1), pages 16-27, March.
    18. Diebolt, Claude & Mishra, Tapas & Perrin, Faustine, 2021. "Gender empowerment as an enforcer of individuals’ choice between education and fertility: Evidence from 19th century France," Journal of Economic Behavior & Organization, Elsevier, vol. 188(C), pages 408-438.
    19. Gori, Luca & Sodini, Mauro, 2020. "Endogenous labour supply, endogenous lifetime and economic development," Structural Change and Economic Dynamics, Elsevier, vol. 52(C), pages 238-259.
    20. Ron W. NIELSEN, 2015. "Mathematics of Predicting Growth," Turkish Economic Review, KSP Journals, vol. 2(4), pages 222-238, December.

    More about this item

    Keywords

    Hyperbolic growth; Mechanism of growth; Population growth; Economic growth;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • Y80 - Miscellaneous Categories - - Related Disciplines - - - Related Disciplines

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ksp:journ5:v:3:y:2016:i:4:p:603-620. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bilal KARGI (email available below). General contact details of provider: http://www.kspjournals.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.