Transitional Dynamics and Economic Growth in Developing Countries

✍ Scribed by Dr. Thomas Steger (auth.)

Publisher: Springer-Verlag Berlin Heidelberg
Year: 2000
Tongue: English
Leaves: 160
Series: Lecture Notes in Economics and Mathematical Systems 489
Edition: 1
Category: Library

No coin nor oath required. For personal study only.

✦ Synopsis

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.

✦ Table of Contents

Front Matter....Pages I-VIII
Introduction....Pages 1-2
Preliminaries....Pages 3-20
Economic growth with subsistence consumption....Pages 21-60
Productive consumption and growth in developing countries....Pages 61-105
Transitional dynamics with endogenous control variables....Pages 107-135
Summary and conclusion....Pages 137-139
References....Pages 141-148
Back Matter....Pages 149-156

✦ Subjects

Economic Growth; Macroeconomics/Monetary Economics

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