The Law of Growth

Ron W. NIELSEN

Abstract


Abstract. A simple law of growth is formulated. It links growth trajectories with the driving force and thus furnished an easy way to study and interpret the mechanisms of growth. The application of this law is illustrated by examples.

Keywords: Growth rate, Mechanism of growth, Models of growth.

JEL. C02, C20, C50, Y80.


Keywords


Growth rate, Mechanism of growth, Models of growth.

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References


Gilpin, M.E., & Ayala E.J. (1973). Global models of growth and competition. Proc. Nat. Acad. Sci. USA, 70(12), 3590-3593.

Karev, G.P. & Kareva, I.G. (2014). Replicator Equations and Models of Biological Populations and Communities. Math. Model. Nat. Phenom., 9(3), 68-95. doi. 10.1051/mmnp/20149305

Nielsen, R.W. (2015). Mathematics of Predicting Growth. Turkish Economic Review, 2(4), 222-238.




DOI: http://dx.doi.org/10.1453/jest.v3i4.1060

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