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The Golden Growth Law in Economic Process

Feng Dai ()

Development and Comp Systems from EconWPA

Abstract: Based on the partial distribution1 and the developower (development power) 2, this paper puts forward the golden growth law in economic process for the first time. The law describes the optimal relation between the economic investment and the economic growth, and could be taken as a basis to distinguish that the economic process is higher in developing efficiency or not. A series of important constants in economy are obtained on the golden growth law, like the coefficient of golden growth and the increment contribution of developower in economic growth. These coefficients can reflect some of key number relations among the economic growth. Also in this paper, the programming and managing models for economic growth are given on the economic structure. We can use them as the tools to analyze and control the macroeconomic growth in analytic way. Finally, by the empirical researches, the golden growth law is explained to be existent and effective, the programming model for economic structure are proved to be useful to make decision in macroeconomic management.

Keywords: partial distribution; developower; economic growth; golden growth law; economic structure (search for similar items in EconPapers)
JEL-codes: O P (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dev
Date: 2005-11-15
Note: Type of Document - pdf; pages: 21
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