Unpublished Paper
John von Neumann's Growth Theorem Confirmed by Empirical Evidence II
none
(2009)
Abstract
A necessary condition for maximal growth in v. Neumann's model is equality between the growth rate and real interest rate. Monthly data, 1921-2008 confirms this equality. The real interest rate is 2.660 percent and the growth rate is 2.679 percent.
Keywords
- Growth Rate,
- Interest Rate
Disciplines
Publication Date
October, 2009
Citation Information
Lester G Telser. "John von Neumann's Growth Theorem Confirmed by Empirical Evidence II" none (2009) Available at: http://works.bepress.com/lester_telser/13/