Springer
Transitional Dynamics and Economic Growth in Developing Countries
Product Code:
9783540675631
ISBN13:
9783540675631
Condition:
New
$61.47
Transitional Dynamics and Economic Growth in Developing Countries
$61.47
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.
| Author: Thomas Steger |
| Publisher: Springer |
| Publication Date: Aug 04, 2000 |
| Number of Pages: 151 pages |
| Binding: Paperback or Softback |
| ISBN-10: 3540675639 |
| ISBN-13: 9783540675631 |
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