# Measurement of Economic Growth, Development and Under Development: New Model and Application

## TL;DR

This paper introduces a new linear model to measure and compare the relative economic growth, development, or underdevelopment of regions using S-shaped growth patterns, demonstrated with Italian regions.

## Contribution

It proposes a simple, linear approach to identify economic growth stages based on S-shaped patterns, applicable to regional economic analysis.

## Key findings

- Model effectively distinguishes growth, development, and underdevelopment stages.
- Application to Italian regions demonstrates practical utility.
- Provides a straightforward tool for economic comparison.

## 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 under development. The application of the model is provided for regions and macro regions of the Italian economic system.

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Source: https://tomesphere.com/paper/1704.05015