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
Date Written: 2012
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: Suggested Citation