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

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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, KSP Journals, vol. 3(1), pages 1-23, March.
    • Handle: RePEc:ksp:journ5:v:3:y:2016:i:1:p:1-23
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    References listed on IDEAS

    as
    1. Oded Galor, 2010. "The 2008 Lawrence R. Klein Lecture-Comparative Economic Development: Insights From Unified Growth Theory," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(1), pages 1-44, February.
    2. Journal of Economics Library, 2016. "New Economics Books," Journal of Economics Library, KSP Journals, vol. 3(2), pages 362-410, June.
    3. Journal of Economics Library, 2016. "New Economics Books," Journal of Economics Library, KSP Journals, vol. 3(1), pages 165-213, March.
    4. Oded Galor, 2011. "Unified Growth Theory and Comparative Development," Rivista di Politica Economica, SIPI Spa, issue 2, pages 9-21, April-Jun.
    5. Galor, Oded & Michalopoulos, Stelios, 2006. "The Evolution of Entrepreneurial Spirit and the Process of Development," CEPR Discussion Papers 6022, C.E.P.R. Discussion Papers.
    6. Ron W Nielsen, 2015. "Unified Growth Theory Contradicted by the Economic Growth in Europe," Papers 1512.08067, arXiv.org, revised Feb 2016.
    7. Ron W. NIELSEN, 2016. "Growth of the World Population in the Past 12,000 Years and Its Link to the Economic Growth," Journal of Economics Bibliography, KSP Journals, vol. 3(1), pages 1-12, March.
    8. Ron W Nielsen, 2015. "Unified Growth Theory Contradicted by the Economic Growth in Africa," Papers 1512.03164, arXiv.org, revised Feb 2016.
    9. repec:ksp:journ5:v:3:y:2016:i:1:p:150-198 is not listed on IDEAS
    10. Journal of Economics Library, 2016. "New Economics Books," Journal of Economics Library, KSP Journals, vol. 3(4), pages 664-711, December.
    11. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

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    as


    Cited by:

    1. Ron W. Nielsen, 2017. "Changing the Direction of the Economic and Demographic Research," Papers 1708.08673, arXiv.org.
    2. Ron W. Nielsen, 2017. "Explaining the Mechanism of Growth in the Past Two Million Years Vol. I," Papers 1710.01768, arXiv.org.
    3. Ron W. Nielsen, 2017. "Application of Differential Equations in Projecting Growth Trajectories," Papers 1705.06557, arXiv.org, revised Jun 2017.
    4. Ron W. NIELSEN, 2016. "Growth of the World Population in the Past 12,000 Years and Its Link to the Economic Growth," Journal of Economics Bibliography, KSP Journals, vol. 3(1), pages 1-12, March.

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    More about this item

    Keywords

    Historical economic growth; regimes of growth; stagnation; take offs; Malthusian trap; hyperbolic growth.;
    All these keywords.

    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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