Mathematica Symposium Lecture Sept 15 2008
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Mathematica Symposium Lecture Sept 15 2008

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Mathematica Symposium Lecture Sept 15 2008 Mathematica Symposium Lecture Sept 15 2008 Presentation Transcript

  • The Mathematics of Modern Growth Theory using Mathematica Stephen Kinsella Department of Economics Kemmy Business School, University of Limerick stephen.kinsella@ul.ie www.stephenkinsella.net
  • Plan What is Growth? Importance Theories of Growth Mathematica and Growth Theory Demonstrations
  • What is Growth? Year on Year increase in productive capacity Measured by change in Gross Domestic Product: Output of goods and services in a year Growth is (GDP (today) - GDP (yesterday)) /GDP (yesterday)
  • Measure is not without Robert Kennedy on GDP its problems
  • “It measures everything but that which makes life worthwhile” –Robert Kennedy
  • But Growth is Vital