{"product_id":"transitional-dynamics-and-economic-growth-in-developing-countries-9783540675631","title":"Transitional Dynamics and Economic Growth in Developing Countries","description":"\u003cp\u003e • Author(s): Thomas Steger\u003cbr\u003e • Publisher: Springer\u003cbr\u003e • Publisher Imprint: Springer\u003cbr\u003e • BISAC: Economics - Macroeconomics\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eFour 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.\u003c\/p\u003e","brand":"Springer","offers":[{"title":"Paperback","offer_id":45280628048023,"sku":"9783540675631","price":3639.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9783540675631.webp?v=1769296857","url":"https:\/\/atlanticbooks.com\/products\/transitional-dynamics-and-economic-growth-in-developing-countries-9783540675631","provider":"Atlantic Books","version":"1.0","type":"link"}