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 w