Kitov, Ivan O. - Society for the Study of Economic Inequality - ECINEQ - 2006
Real GDP growth rate in developed countries is found to be a sum of two terms. The first term is the reciprocal value … the square root of real GDP per capita. Hence, evolution of real GDP is defined by only one parameter - the number of … is derived for real GDP per capita. Annual increment of GDP per capita is also a combination of economic trend term and …