APPLICATION OF THE LOGARITHMIC DERIVATIVE IN ECONOMICS
Keywords:
logarithmic derivative, economics, elasticity, production function, growth rates, economic analysis, indicator dynamics, forecastingAbstract
This article examines the use of the logarithmic derivative in economic analysis. The logarithmic derivative is a powerful tool for assessing the rates of change of economic variables such as output, income, costs, and prices. The application of this method makes it possible to simplify elasticity calculations, analyze the dynamics of macroeconomic and microeconomic indicators, and forecast the behavior of economic systems. The article provides examples of the practical use of the logarithmic derivative in calculating production functions, analyzing price indices, and determining growth rates of national income. The study demonstrates that the use of logarithmic derivatives increases the accuracy of economic calculations and simplifies the modeling of complex economic processes.
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