Transitional Dynamics and Economic Growth in Developing Countries:

Four stylised facts of aggregate economic growth are set up initially. The growth process is interpreted to represent transitional dynamics rather than balanced-growth equilibria. Against this background, the fundamental importance of subsistence consumption is comprehensively analysed. Subsequently...

Full description

Saved in:
Bibliographic Details
Main Author: Steger, Thomas (Author)
Format: Electronic eBook
Language:English
Published: Berlin, Heidelberg Springer Berlin Heidelberg 2000
Edition:1st ed. 2000
Series:Lecture Notes in Economics and Mathematical Systems 489
Subjects:
Online Access:BTU01
Volltext
Summary:Four stylised facts of aggregate economic growth are set up initially. The growth process is interpreted to represent transitional dynamics rather than balanced-growth equilibria. Against this background, the fundamental importance of subsistence consumption is comprehensively analysed. Subsequently, the meaning of the productive-consumption hypothesis for the intertemporal consumption trade-off and the growth process is investigated. Finally, the process of growth is analysed empirically by means of cross-sectional conditional convergence regressions with endogenous control variables
Physical Description:1 Online-Ressource (VIII, 151 p)
ISBN:9783642457845
DOI:10.1007/978-3-642-45784-5

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Get full text