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Transitional Dynamics and Economic Growth in Developing Countries
Thomas Steger
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Description for Transitional Dynamics and Economic Growth in Developing Countries
Paperback. In this work, four stylized facts of aggregate economic growth are set up. The process of growth is interpreted to represent transitional dynamics rather than balanced-growth equilibria, and the fundamental importance of subsistence consumption is analyzed. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 159 pages, biography. BIC Classification: 1QFG; GTF; KCM; KCS. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 234 x 156 x 9. Weight in Grams: 264.
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.
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.
Product Details
Format
Paperback
Publication date
2000
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
159
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
151
Place of Publication
Berlin, Germany
ISBN
9783540675631
SKU
V9783540675631
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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