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Transitional dynamics and economic growth in developing countries /

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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...

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Bibliographic Details
Main Author: Steger, Thomas, 1966-
Corporate Author: SpringerLink (Online service)
Format: eBook
Language:English
Published: Berlin ; New York : Springer, [2000]
Series:Lecture notes in economics and mathematical systems ; 489.
Subjects:
Economic development > Mathematical models.
Consumption (Economics) > Mathematical models.
Endogenous growth (Economics) > Mathematical models.
Equilibrium (Economics) > Mathematical models.
Developing countries > Economic conditions.
Developing countries > Economic policy.
Economic history.
Economic policy.
Developing countries.
Electronic books.
Online Access:Connect to the full text of this electronic book
Description
Summary: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.
Item Description:Electronic resource.
Physical Description:1 online resource (viii, 148 pages)
Format:Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:Includes bibliographical references.
ISBN:9783642457845 (electronic bk.)
3642457843 (electronic bk.)
ISSN:0075-8442 ;