Transitional Dynamics and Economic Growth in Developing Countries
Download or Read eBook Transitional Dynamics and Economic Growth in Developing Countries PDF written by Thomas Steger and published by Springer. This book was released on 2000-08-04 with total page 168 pages. Available in PDF, EPUB and Kindle.
| Author | : Thomas Steger |
| Publisher | : Springer |
| Total Pages | : 168 |
| Release | : 2000-08-04 |
| ISBN-10 | : UCSC:32106015206573 |
| ISBN-13 | : |
| Rating | : 4/5 (73 Downloads) |
Book Synopsis Transitional Dynamics and Economic Growth in Developing Countries by : Thomas Steger
Book excerpt: 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.
