Abstract
We consider long run historical data. We then see the prediction of a simple output production model versus actual output. We use difference equation simulation to explore the Solow growth model. We see how growth has varied in recent decades.
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Dayal, V. (2020). Growth Data and Models. In: Quantitative Economics with R. Springer, Singapore. https://doi.org/10.1007/978-981-15-2035-8_11
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DOI: https://doi.org/10.1007/978-981-15-2035-8_11
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Online ISBN: 978-981-15-2035-8
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