Transitional dynamics and economic growth in developing countries

Autori

• Thomas M. Steger

Parametri

• 148 pagine
• 6 ore di lettura

• Tecnologia e Ingegneria

Maggiori informazioni sul libro

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.

Lingua: Inglese

Pubblicato: 2000

(In brossura)