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Transitional Dynamics and Economic Growth in Developing Countries

Transitional Dynamics and Economic Growth in Developing Countries

Thomas Steger

66,88 €
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Editorial:
Springer Nature B.V.
Año de edición:
2000
Materia
Macroeconomía
ISBN:
9783540675631
66,88 €
IVA incluido
Disponible

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Sobre IBD

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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