A Compact Mathematical Model of the World System Economic and Demographic Growth, 1 CE - 1973 CE
Andrey Korotayev (Russian Academy of Sciences, Moscow), Artemy, Malkov (Institute of Economics of the Russian Academy of Sciences)

TL;DR
This paper introduces a simple mathematical model that explains over 99% of the variation in global economic and demographic growth from 1 CE to 1973 CE, offering a new perspective on social macroevolution.
Contribution
It presents a highly simplified yet effective mathematical model capturing long-term global economic and demographic dynamics, advancing theories of social macroevolution.
Findings
Model accounts for over 99% of variation in data
Applicable to nearly two millennia of history
Suggests a new approach to social macroevolution
Abstract
We propose an extremely simple mathematical model that is shown to be able to account for more than 99 per cent of all the variation in economic and demographic macrodynamics of the world for almost two millennia of its history. This appears to suggest a novel approach to the formation of the general theory of social macroevolution.
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Taxonomy
TopicsEconomic Growth and Productivity · Complex Systems and Time Series Analysis · Economic theories and models
