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We show that a simple and intuitive three-parameter equation fits remarkably well the evolution of the gross domestic product (GDP) in current and constant dollars of many countries during the times of recession and recovery. We then argue that it can be used to detect shocks and discuss its...
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We show that a simple and intuitive three-parameter equation fits remarkably well the evolution of the gross domestic product (GDP) in current and constant dollars of many countries during times of recession and recovery. We then argue that this equation is the response function of the economy...
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activities have been effective in reducing poverty in India. For sensitivity and robustness of the results, three different … measures of poverty belonging to the Foster-Greer-Thorbecke group of poverty measures are used. We use various types of … estimating poverty. Using unbalanced panel techniques, the study tests Fixed Effects, Randome Effects and OLS models, and …
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