Transitional Dynamics and Economic Growth in Developing Countries
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...
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| Format: | eBook |
| Language: | English |
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Berlin, Heidelberg
Springer Berlin Heidelberg
2000, 2000
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| Edition: | 1st ed. 2000 |
| Series: | Lecture Notes in Economics and Mathematical Systems
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| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- 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