Comparative Exponential Growth Rates of Marcos and Cory


Marcos GDP
Growth Negative
1966 6.4 Billions

1982 37.1 Billions 8.36
1986 29.9 Billions 7.34 -5.39
Cory



1986 29.9 Billions

1992 53 Billions 7.79






Data for this post are from IECONOMICS.COM. The calculations are mine, using the continuous compounding mechanism of the exponential curve (this is like the bank's compound interest rate, only that instead of a quarterly or annual compounding, the compounding is done continuously). As a result, the rates would be a bit lower than if I used the compound interest rate. So much the better, you can say that this is a conservative view.

SO, WHAT ARE THE RESULTS?


Before the decline 1981-1982, the average annual growth rate was rather good, but slightly behind the East Asian tigers (Hong Kong prior to Chinese reunification, SoKor, Taiwan and Singapore) at 8.36 percent per annum. Still, you could say it was a "junior tiger" economy. Cory Aquino rated 7.79, which is lower.


However, the five year decline that preceded the EDSA ONE REVOLUTION effectively pulled the claws and even defanged this tiger economy of Marcos. With an annualized average rate of -5.39 percent, this decline reduced the 8.36 "tiger economy" into 7.34 percent, slightly below that of Cory.

These rates are mathematical, so I will apologize for calculation errors, and I am aware that some groups may use these for propaganda, but I did not invent the data. Anybody can verify or falsify these calculations, so I will NOT apologize for the political implications others may construct out of this.


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