Скачать или смотреть Deriving The Rule of 70

I explain what is meant by the rule of 70. This is then derived mathematically using some simple logarithm rules.

The rule of 70 says that something with a constant growth rate will double in 70/g years. This can be shown using growth rate rules and some simple approximations.

Check out the Solow Growth Model playlist for past videos to get up to speed with the assumptions and key equations.

Robert M. Solow, A Contribution to the Theory of Economic Growth, The Quarterly Journal of Economics, Volume 70, Issue 1, February 1956, Pages 65–94

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