Mathematical Analysis of the Historical Economic Growth
Ron W. Nielsen

TL;DR
This paper analyzes historical economic growth data, revealing a natural tendency towards hyperbolic growth patterns and challenging the idea of sudden takeoffs from stagnation, thus offering new insights into economic development mechanisms.
Contribution
It provides a mathematical analysis showing that historical economic growth follows hyperbolic distributions and finds no evidence for abrupt growth takeoffs.
Findings
Economic growth follows hyperbolic patterns
No evidence of sudden growth takeoffs
Parameters of hyperbolic distributions identified
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.
Peer Reviews
No public reviews on file for this paper yet. If you reviewed it on a platform where reviews are public (OpenReview, ICLR, NeurIPS, ICML), you can paste yours below so the community can read it here.
Videos
No videos yet. Explain this paper in a talk, walkthrough, or lecture? Add one.
Taxonomy
TopicsHistorical Economic and Social Studies · Economic Growth and Productivity · Economic Theory and Institutions
