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140122 ||| eng |
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|a 9783642457845
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|a Steger, Thomas
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|a Transitional Dynamics and Economic Growth in Developing Countries
|h Elektronische Ressource
|c by Thomas Steger
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| 250 |
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|a 1st ed. 2000
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| 260 |
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|a Berlin, Heidelberg
|b Springer Berlin Heidelberg
|c 2000, 2000
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| 300 |
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|a VIII, 151 p
|b online resource
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|a 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
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| 653 |
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|a Macroeconomics/Monetary Economics//Financial Economics
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| 653 |
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|a Economic Growth
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| 653 |
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|a Economic growth
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| 653 |
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|a Macroeconomics
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|a eng
|2 ISO 639-2
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| 989 |
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|b SBA
|a Springer Book Archives -2004
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|a Lecture Notes in Economics and Mathematical Systems
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| 856 |
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|u https://doi.org/10.1007/978-3-642-45784-5?nosfx=y
|x Verlag
|3 Volltext
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|a 338.9
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|a 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
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