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New directions in measurement of economic growth, development and under development

Mario Coccia ()

Journal of Economics and Political Economy, 2017, vol. 4, issue 4, 382-395

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 underdevelopment. The application of the model is provided for regions and macro regions of the Italian economic system.

Keywords: Economic growth; Convergence; Economic development; Relative growth; S-shaped pattern. (search for similar items in EconPapers)
JEL-codes: C02 F43 O40 O47 (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:ksp:journ1:v:4:y:2017:i:4:p:382-395