New directions in measurement of economic growth, development and under development

Mario COCCIA

Abstract


Abstract. This paper presents a simple model to measure the relative economic growth of economic systems. The model considers S-Shaped patterns of economic growth that, represented with a linear model, measure how an economic system grows in comparison with another one. In particular, this model introduces an approach which indicates if the economic system has a process of economic growth, development or underdevelopment. The application of the model is provided for regions and macro regions of the Italian economic system.

Keywords. Economic growth, Convergence, Economic development, Relative growth, S-shaped pattern.

JEL. C02, F43, O40, O47.


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References


Coccia, M. (2009). A new approach for measuring and analyzing patterns of regional economic growth: empirical analysis in Italy, Italian Journal of Regional Science- Scienze Regionali, 8(2), 71-95. doi. 10.3280/SCRE2009-002004

Huxley, J.S. (1932). Problems of Relative Growth, Metheuen & Co., Ltd., London.

Lewis, W.A. (1955).The Theory of Economic Growth, Allen & Unwin, London.

Jarne, G., Sánchez-Chőliz, J., Fatás-Villafranca, F. (2005). S-Shaped economic dynamics. The logistic and Gompertz curves generalized,The Electronic Journal of Evolutionary Modeling and Economic Dynamics, No.1048.




DOI: http://dx.doi.org/10.1453/jepe.v4i4.1533

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