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Some Methodological Aspects of Rates of Growth Computations

Author

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  • Amarjit Singh Sethi

    (Amarjit Singh Sethi is Professor of Economics, Punjab School of Economics, Guru Nanak Dev University, Amritsar-143 005, India. Email: ajss_gndu@yahoo.com)

Abstract

Rates of growth in economic time series are one of the most commonly made computations in analytical programmes. Although exponential equation plays a pivotal role in estimating such rates of growth, there is a multiplicity of weak points associated with the usual methodology adopted for the purpose. The present note aims at highlighting some such limitations and points out avoidance of an indiscriminate use of the exponential equation. Depending upon the situation being faced with, the note outlines alternative approaches for estimating average annual rates of growth.

Suggested Citation

  • Amarjit Singh Sethi, 2008. "Some Methodological Aspects of Rates of Growth Computations," South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 9(1), pages 195-209, June.
    • Handle: RePEc:sae:soueco:v:9:y:2008:i:1:p:195-209
    DOI: 10.1177/139156140700900109
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    References listed on IDEAS

    as
    1. Rao, V. M., 1980. "Methodological Issues in Measuring Agricultural Growth: Lessons of Recent Indian Researches," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 35(2), April.
    2. H. A. Fell & C. C. Greenfield, 1983. "Measuring Economic Growth," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 29(2), pages 205-208, June.
    3. Sal Amirkhalkhali & Atul Dar, 2003. "On Explaining the Differences in Economic Growth Rates in OECD Countries," Ekonomia, Cyprus Economic Society and University of Cyprus, vol. 6(2), pages 147-159, Winter.
    4. Fell, H A & Greenfield, C C, 1983. "Measuring Economic Growth," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 29(2), pages 205-208, June.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Sethi, Amarjit Singh, 2016. "Sources of Growth in India: Evidence from Punjab and Haryana," Journal of Regional Development and Planning, Rajarshi Majumder, vol. 5(1), pages 15-34.

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    More about this item

    Keywords

    JEL: C13; JEL: C22; JEL: H2; Exponential Equation; Compound Growth Rate; Dummy Variables Technique; Trend-stationarity; Behavioural Growth Paths; Confluence Analysis; Causality Analysis;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • H2 - Public Economics - - Taxation, Subsidies, and Revenue

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