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Transitional Dynamics and Economic Growth in Developing Countries

  • Thomas Steger

Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 489)

Table of contents

  1. Front Matter
    Pages I-VIII
  2. Thomas Steger
    Pages 1-2
  3. Thomas Steger
    Pages 3-20
  4. Thomas Steger
    Pages 137-139
  5. Thomas Steger
    Pages 141-148
  6. Back Matter
    Pages 149-156

About this book

Introduction

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.

Keywords

Conditional Convergence Developing Countries Economic Development Economic Dynamics Economic Growth Entwicklungsländer Productive Consumption Subsistence Consumption Transition Transitional Dynamics Wirtschaftliche Dynamik Wirtschaftswachstum development economics existenzminimaler Konsum wirtschaftliche Entwicklung

Authors and affiliations

  • Thomas Steger
    • 1
  1. 1.Economics Research DepartmentDGZ Deka BankFrankfurtGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-45784-5
  • Copyright Information Springer-Verlag Berlin Heidelberg 2000
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-540-67563-1
  • Online ISBN 978-3-642-45784-5
  • Series Print ISSN 0075-8442
  • Buy this book on publisher's site
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