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portada transitional dynamics and economic growth in developing countries
Type
Physical Book
Publisher
Year
2000
Language
English
Pages
151
Format
Paperback
Dimensions
23.4x15.6x0.9 cm
Weight
0.24 kg.
ISBN
3540675639
ISBN13
9783540675631

transitional dynamics and economic growth in developing countries

Thomas Steger (Author) · Springer · Paperback

transitional dynamics and economic growth in developing countries - Steger, Thomas

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Synopsis "transitional dynamics and economic growth in developing countries"

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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