Growth Rates

V N Reddy Quite often, we find in economic literature, several loose[ statements about how the rate of growth of an Economy has been rising or falling or constant over time, essentially taking into account two or three observations. In a few cases these statements are based on fitting a particular, growth curve without examining its empirical appropriateness and along with it sometimes providing partial information on the desirable statistical measures of goodness of fit as indicated by R2, Dw and T values.