UID:
almahu_9949285165502882
Format:
VIII, 151 p.
,
online resource.
Edition:
1st ed. 2000.
ISBN:
9783642457845
Series Statement:
Lecture Notes in Economics and Mathematical Systems, 489
Content:
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.
Note:
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.
In:
Springer Nature eBook
Additional Edition:
Printed edition: ISBN 9783540675631
Additional Edition:
Printed edition: ISBN 9783642457852
Language:
English
DOI:
10.1007/978-3-642-45784-5
URL:
https://doi.org/10.1007/978-3-642-45784-5
