1. 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
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. Measure is not without
Robert Kennedy on GDP
its problems