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Mathematica Symposium Lecture Sept 15 2008


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Mathematica Symposium Lecture Sept 15 2008

  1. 1. The Mathematics of Modern Growth Theory using Mathematica Stephen Kinsella Department of Economics Kemmy Business School, University of Limerick
  2. 2. Plan What is Growth? Importance Theories of Growth Mathematica and Growth Theory Demonstrations
  3. 3. 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)
  4. 4. Measure is not without Robert Kennedy on GDP its problems
  5. 5. “It measures everything but that which makes life worthwhile” –Robert Kennedy
  6. 6. But Growth is Vital