Mathematics of Predicting Growth

Ron W. NIELSEN

Abstract


Abstract. Mathematical methods of analysis of data and of predicting growth are discussed. The starting point is the analysis of the growth rates, which can be expressed as a function of time or as a function of the size of the growing entity. Application of these methods is illustrated using the world economic growth but they can be applied to any type of growth.

Keywords. Growth rate, Differential equations, Gross Domestic Product, Economic growth.

JEL. C01, C20, C50, C53, C60, C65, C80


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DOI: http://dx.doi.org/10.1453/ter.v2i4.527

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