Del 489 - Lecture Notes in Economics and Mathematical Systems

Transitional Dynamics and Economic Growth in Developing Countries

Häftad, Engelska, 2000

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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, 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.

Produktinformation

Utgivningsdatum2000-08-04
Mått155 x 235 x 10 mm
Vikt265 g
FormatHäftad
SpråkEngelska
SerieLecture Notes in Economics and Mathematical Systems
Antal sidor151
FörlagSpringer-Verlag Berlin and Heidelberg GmbH & Co. KG
ISBN9783540675631

Tillhör följande kategorier

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.