Buch, Englisch, 151 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 265 g
Buch, Englisch, 151 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 265 g
Reihe: Lecture Notes in Economics and Mathematical Systems
ISBN: 978-3-540-67563-1
Verlag: Springer
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.
Zielgruppe
Research
Autoren/Hrsg.
Weitere Infos & Material
1 Introduction.- 2 Preliminaries.- 2.1 Stylised facts of aggregate growth in developing countries.- 2.2 Development economics and growth theory.- 2.3 Methodological foundations.- 3 Economic growth with subsistence consumption.- 3.1 Introduction.- 3.2 The subsistence level of consumption.- 3.3 A linear growth model with subsistence consumption.- 3.4 Extensions of the basic linear growth model.- 3.5 Summary and conclusion.- 3.6 Appendix.- 4 Productive consumption and growth in developing countries.- 4.1 Introduction.- 4.2 Productive consumption: an overview.- 4.3 The importance of productive consumption for growth.- 4.4 Appendix.- 5 Transitional dynamics with endogenous control variables.- 5.1 Introduction.- 5.2 The convergence debate: a selective overview.- 5.3 Cross-sectional convergence analysis.- 5.4 Summary and conclusion.- 6 Summary and conclusion.- 7 References.- List of figures.- List of tables.- Abbreviations.
