英文标题:
《Puzzling properties of the historical growth rate of income per capita
explained》
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作者:
Ron W Nielsen
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最新提交年份:
2016
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英文摘要:
Galor discovered many mysteries of the growth process. He lists them in his Unified Growth Theory and wonders how they can be explained. Close inspection of his mysteries reveals that they are of his own creation. They do not exist. He created them by his habitually distorted presentation of data. One of his self-created mysteries is the mystery of the alleged sudden spurt in the growth rate of income per capita. This sudden spurt never happened. In order to understand the growth rate of income per capita, its mathematical properties are now explored and explained. The explanation is illustrated using the historical world economic growth. Galor also wonders about the sudden spurt in the growth rate of population. We show that this sudden spurt was also created by the distorted presentation of data. The mechanism of the historical economic growth and of the growth of human population is yet to be explained but it would be unproductive to try to explain the non-existing and self-created mysteries of the growth process described in the scientifically unacceptable Unified Growth Theory. However, the problem is much deeper than just the examination of this theory. Demographic Growth Theory is based on the incorrect but deeply entrenched postulates developed by accretion over many years and now generally accepted in the economic and demographic research, postulates revolving around the concept of Malthusian stagnation and around a transition from stagnation to growth. The study presented here and earlier similar publications show that these postulates need to be replaced by interpretations based on the mathematical analysis of data and on the correct understanding of hyperbolic distributions.
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中文摘要:
Galor发现了生长过程中的许多奥秘。他在他的统一增长理论中列出了它们,并想知道如何解释它们。仔细观察他的谜团可以发现,这些谜团是他自己创造的。它们并不存在。他通过他惯常扭曲的数据呈现方式创造了它们。他自创的谜团之一是所谓的人均收入增长率突然激增的谜团。这种突然的爆发从未发生过。为了理解人均收入的增长率,现在对其数学性质进行了探索和解释。这一解释是用历史上的世界经济增长来说明的。加洛尔还对人口增长率的突然激增感到好奇。我们发现,这种突然爆发也是由数据的扭曲呈现造成的。历史经济增长和人口增长的机制尚待解释,但试图解释科学上不可接受的统一增长理论中描述的增长过程中不存在的和自创的奥秘是徒劳的。然而,问题远不止是对这一理论的检验。人口增长理论基于多年来由增长发展而来的错误但根深蒂固的假设,这些假设现在已被经济和人口研究所普遍接受,这些假设围绕着马尔萨斯停滞的概念以及从停滞到增长的过渡。本文和早期类似出版物的研究表明,这些假设需要被基于数据数学分析和对双曲分布的正确理解的解释所取代。
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:General Finance 一般财务
分类描述:Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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