{"product_id":"transitional-dynamics-and-economic-growth-in-developing-countries-von-thomas-steger","title":"Transitional Dynamics and Economic Growth in Developing Countries","description":"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.\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783540675631\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783540675631","offer_id":39436669255773,"sku":"9783540675631","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/56871a87-b95a-4a5b-91b1-dcb49936cfd8.jpg?v=1773380278","url":"https:\/\/shop.autorenwelt.de\/en\/products\/transitional-dynamics-and-economic-growth-in-developing-countries-von-thomas-steger","provider":"Autorenwelt Shop","version":"1.0","type":"link"}