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.
| ISBN: | 9783540675631 |
| Publication date: | 4th August 2000 |
| Author: | Thomas Steger |
| Publisher: | Springer an imprint of Springer Berlin Heidelberg |
| Format: | Paperback |
| Pagination: | 151 pages |
| Series: | Lecture Notes in Economics and Mathematical Systems |
| Genres: |
Economic growth Macroeconomics |
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.
Transitional Dynamics and Economic Growth in Developing Countries features in the following genres: Economic growth, Macroeconomics
Transitional Dynamics and Economic Growth in Developing Countries is available in Paperback
Transitional Dynamics and Economic Growth in Developing Countries was written by Thomas Steger and published by Springer an imprint of Springer Berlin Heidelberg
Transitional Dynamics and Economic Growth in Developing Countries has 151 pages
Yes it is part of Lecture Notes in Economics and Mathematical Systems series