Transitional Dynamics and Economic Growth in Developing Countries
Published on 4. August 2000
Book
Paperback/Softback
VIII, 151 pages
978-3-540-67563-1 (ISBN)
Description
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.
More details
Series
Edition
Softcover reprint of the original 1st ed. 2000
Language
English
Place of publication
Berlin
Germany
Publishing group
Springer Berlin
Target group
Professional and scholarly
Research
Illustrations
VIII, 151 p.
Dimensions
Height: 235 mm
Width: 155 mm
Thickness: 10 mm
Weight
265 gr
ISBN-13
978-3-540-67563-1 (9783540675631)
DOI
10.1007/978-3-642-45784-5
Schweitzer Classification
Content
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.