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- W1489438369 abstract "In this chapter, the authors compound the simple quarterly or monthly percent changes so as to express them as annual growth rates. To index a set of time series data values, the observations must be made equal to each other at some given starting date. Every value is normalized to the starting value. Subsequent values are then determined so that percentage changes in the indexed time series are coincident with those for the unindexed series. In sum, indexing involves modifying two (or more) time series data sets so that the resulting or indexed series start at the same value and change at the same rate as the unmodified or unindexed series. The chapter examines the structure of the Solow–Swan (neoclassical) growth model, which implies that there is no growth in the steady state; there is only positive or negative growth along the transition path." @default.
- W1489438369 created "2016-06-24" @default.
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- W1489438369 date "2013-12-20" @default.
- W1489438369 modified "2023-10-14" @default.
- W1489438369 title "FUNDAMENTALS OF GROWTH" @default.
- W1489438369 doi "https://doi.org/10.1002/9781118763971.ch2" @default.
- W1489438369 hasPublicationYear "2013" @default.
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