Transitional Dynamics and Economic Growth in Developing Countries

ISBN-13: 9783540675631 / Angielski / Miękka / 2000 / 151 str.

Thomas Steger

Opis

In this work, four stylized facts of aggregate economic growth are set up. The process of growth is interpreted to represent transitional dynamics rather than balanced-growth equilibria, and the fundamental importance of subsistence consumption is analyzed.

Spis treści

Introduction.- Preliminaries.- Stylised facts of aggregate growth in developing countries.- Development economics and growth theory.- Methodological foundations.- Economic growth with subsistence consumption.- Introduction.- The subsistence level of consumption.- A linear growth model with subsistence consumption.- Extensions of the basic linear growth model.- Summary and conclusion.- Appendix.- Productive consumption and growth in developing countries.- Introduction.- Productive consumption: an overview.- The importance of productive consumption for growth.- Summary and conclusion.- Appendix.- Transitional dynamics with endogenous control variables.- Introduction.- The convergence debate: a selective overview.- Cross-sectional convergence analysis.- Summary and conclusion.- Summary and conclusion.

O autorze

Thomas Steger (geb. 1966) erwarb 1991 das Lizentiat in Wirtschaftswissenschaften der Universität Fribourg (Schweiz). Nach einem kurzen Abstecher in die Praxis ist er seit 1993 am Lehrstuhl für Organisation der TU Chemnitz tätig.