Author(s)

Dennis Ridley^1,2*, Pierre Ngnepieba³

¹School of Business & Industry, Florida A & M University, Tallahassee, FL, USA.
²Department of Scientific Computing, Florida State University, Tallahassee, FL, USA.
³Department of Mathematics, Florida A & M University, Tallahassee, FL, USA.

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.

CDR Index, GDP, Capitalism, Democracy, Rule of Law, Entrepreneurship

Ridley, D. and Ngnepieba, P. (2018) Conservation of Capital: Homeomorphic Mapping from Intangible Aggregate Macro-Economic CDR Space into Tangible Micro-Economic Production Spaces. Theoretical Economics Letters, 8, 2103-2115. doi: 10.4236/tel.2018.811138.