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Why would growth be "logarithmic"? Growth is exponential, with rates that yes, probably decrease over time. It's not logarithmic.
by idanoeman 11y ago
Why would growth be "logarithmic"? Growth is exponential, with rates that yes, probably decrease over time. It's not logarithmic.
- BookmarkSaver 11y agoAre you serious? As they start reaching the upper levels of wealth the ability to keep catching up decreases dramatically. When they are an impoverished country and a wealthy partner throws money at and around them, they will start catching up fast because that amount of wealth is massive compared to what they had.
- idanoeman 11y agoLogarithmic growth would literally be sub-linear growth. Historically countries growth looks something like a piecewise-linear growth in a log-log graph.
- GFK_of_xmaspast 11y agoAre you sure you're not thinking of "logistic".
- busterarm 11y agohttps://www.google.com/search?q=logarithmic+vs+exponential+curve&tbm=isch https://www.google.com/search?q=logarithmic+vs+exponential+c... An exponential curve, by definition, does not decrease over time.
- idanoeman 11y agoSure, but a piecewise-linear function on a log-log graph is still qualitatively "exponential growth", with a rate which changes over time.