摘要：The parsimonious capitalism, democracy, rule of law (CDR) growth model is the first global time invariant cross country model. It is the first to incorporate aggregate exogenous and endogenous sources of capital into a model for converting capital to real gross domestic product adjusted for purchasing power parity. Aggregate capital is distributed to micro-economic units of production. This mapping is shown to be homeomorphic from intangible aggregate macro-economic CDR space into tangible micro-economic production spaces, such that under certain prescribed conditions capital is conserved.
关键词：CDR Index;GDP;Capitalism;Democracy;Rule of Law;Entrepreneurship
