Transitional Dynamics and Economic Growth in Developing Countries

Name: Transitional Dynamics and Economic Growth in Developing Countries
Author: Thomas Steger

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Paperback, 151 blz. | Engels

Springer Berlin Heidelberg | 0e druk, 2000

ISBN13: 9783540675631

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Springer Berlin Heidelberg 0e druk, 2000 9783540675631

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Samenvatting

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.

Specificaties

ISBN13:9783540675631

Taal:Engels

Bindwijze:paperback

Aantal pagina's:151

Uitgever:Springer Berlin Heidelberg

Druk:0

Hoofdrubriek:Economie

Serie:Lecture Notes in Economics and Mathematical Systems

Inhoudsopgave

Introduction.- Preliminaries.- Stylised facts of aggregate growth in developing countries.- Development economics and growth theory.- Methodological foundations.- Economic growth with subsistence consumption.- Introduction.- The subsistence level of consumption.- A linear growth model with subsistence consumption.- Extensions of the basic linear growth model.- Summary and conclusion.- Appendix.- Productive consumption and growth in developing countries.- Introduction.- Productive consumption: an overview.- The importance of productive consumption for growth.- Summary and conclusion.- Appendix.- Transitional dynamics with endogenous control variables.- Introduction.- The convergence debate: a selective overview.- Cross-sectional convergence analysis.- Summary and conclusion.- Summary and conclusion.