A Mathematical Theory of Economic Growth: The Public Choice Growth Model

Germinal Van ()

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this paper is to offer a new theoretical framework in the field of development economics. This new theoretical framework has not yet been explored in development economics. Most economic theories seek to predict an outcome. The particularity of this theory that is being proposed in this paper, is not to predict a specific outcome about an economy. It is rather a methodology to explain an economic outcome. This new theory being introduced in the field of development economics is called the Public Choice Growth Model (PCGM), which is an economic theory that combines the principles of public choice theory and that of the Solow Growth Model. The goal of this theory though, is to demonstrate that our model is the adequate model to be used in a developing country in order to determine long-term economic growth.

Keywords: Economic Growth; Economic Development; Public Choice Theory; Economic Analysis; Neoclassical Economics; Mathematical Analysis (search for similar items in EconPapers)
JEL-codes: C20 O11 O40 P16 (search for similar items in EconPapers)
Date: 2020-04, Revised 2020-03
New Economics Papers: this item is included in nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/99940/1/MPRA_paper_99940.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:99940

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().