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Selected Works of Lester G Telser
Unpublished Paper
John von Neumann's Growth Theorem Confirmed by Empirical Evidence II
none (2009)
  • Lester G Telser, University of Chicago
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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/