Mathematical Analysis of the Historical Economic Growth with a Search for Takeoffs from Stagnation to Growth
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NIELSEN, R. W. (2016). Mathematical Analysis of the Historical Economic Growth with a Search for Takeoffs from Stagnation to Growth. Journal of Economics Library, 3(1), 1–23. https://doi.org/10.1453/jel.v3i1.606

Abstract

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.

Keywords. Historical economic growth; regimes of growth; stagnation; take offs; Malthusian trap; hyperbolic growth.

JEL. A10, B15, B16, B22, C29.

https://doi.org/10.1453/jel.v3i1.606
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