Economic Growth in the Central Caucaso-Asian Countries Adjusted for the Catch-Up Effect

Central Asia and the Caucasus, Vo. 13, No. 4, 2012

9 Pages Posted: 5 Feb 2013

See all articles by Vladimer Papava

Vladimer Papava

Ivane Javakhishvili Tbilisi State University

Date Written: 2012

Abstract

Direct spatial comparison of the economic growth indices is unconstructive because of the catch-up effect which requires some preconditions in order to be taken into proper account. The paper has considered the approach for the correction of the economic growth indices on the basis of the hypothesis of the proportional overlapping of the catch-up effect. These types of the economic growth indices can be used for the spatial comparison of the economic growth in different countries.

Keywords: economic growth, catch-up effect, spatial comparison, Central Caucaso-Asian countries

JEL Classification: N10, N15, O47, R1

Suggested Citation

Papava, Vladimer, Economic Growth in the Central Caucaso-Asian Countries Adjusted for the Catch-Up Effect (2012). Central Asia and the Caucasus, Vo. 13, No. 4, 2012, Available at SSRN: https://ssrn.com/abstract=2211609

Vladimer Papava (Contact Author)

Ivane Javakhishvili Tbilisi State University ( email )

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