Transitional Dynamics and Economic Growth in Developing Countries PDF
by Thomas Steger
Part of the Lecture Notes in Economics and Mathematical Systems series
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Description
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.
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- Format:PDF
- Publisher:Springer Berlin Heidelberg
- Publication Date:06/12/2012
- Category:
- ISBN:9783642457845
Information
-
Download Now
- Format:PDF
- Publisher:Springer Berlin Heidelberg
- Publication Date:06/12/2012
- Category:
- ISBN:9783642457845
