Add to ORKGFour stylized facts of economic growth in DCs are set up initially. Despite its obvious simplicity the linear growth model with subsistence consumption is able to reproduce two of them: a rise in the saving rate along with per capita income as well as b-divergence. The rate of convergence shows extraordinarily low values at early stages of economic develop-ment. Hence, the big diversity in growth rates can partly be explained to represent transitional phenomena. An extension of the basic model additionally allows an explanatio
Development convergence of countries implies the attitude according to which economies with low GDP ...
For 98 countries in the period 1960-1985, the growth rate of real per capita GDP is positively relat...
Economic growth is a function of the interactions between the different productive factors framed in...
It is well known that the performance of simple models of economic growth improves substantially thr...
Abstract. It is well known that the performance of simple models of eco-nomic growth improves substa...
This paper focuses on one possible explanation for the empirical evidence of: (a) income convergence...
It is well known that the performance of simple models of economic growth improves substantially thr...
Using a subsistence consumption-augmented real business cycle model, we show that, for any given exo...
We find that by endogenizing the population growth rate, a growth model under the productive consump...
Theoretical foundation of the convergence concept in neo-classical growth model has been analysed. A...
This paper sets up a simple AK-type growth model with heterogeneous consumption goods. It is shown t...
In the traditional empirical convergence literature, a negative coefficient on initial income in a c...
This paper develops model of growth in an economy where the capital stock is rationed across labour ...
This paper examines whether the Solow growth model is consistent with the international variation in...
119 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2002.In chapter 2, we assess pairw...
Development convergence of countries implies the attitude according to which economies with low GDP ...
For 98 countries in the period 1960-1985, the growth rate of real per capita GDP is positively relat...
Economic growth is a function of the interactions between the different productive factors framed in...
It is well known that the performance of simple models of economic growth improves substantially thr...
Abstract. It is well known that the performance of simple models of eco-nomic growth improves substa...
This paper focuses on one possible explanation for the empirical evidence of: (a) income convergence...
It is well known that the performance of simple models of economic growth improves substantially thr...
Using a subsistence consumption-augmented real business cycle model, we show that, for any given exo...
We find that by endogenizing the population growth rate, a growth model under the productive consump...
Theoretical foundation of the convergence concept in neo-classical growth model has been analysed. A...
This paper sets up a simple AK-type growth model with heterogeneous consumption goods. It is shown t...
In the traditional empirical convergence literature, a negative coefficient on initial income in a c...
This paper develops model of growth in an economy where the capital stock is rationed across labour ...
This paper examines whether the Solow growth model is consistent with the international variation in...
119 p.Thesis (Ph.D.)--University of Illinois at Urbana-Champaign, 2002.In chapter 2, we assess pairw...
Development convergence of countries implies the attitude according to which economies with low GDP ...
For 98 countries in the period 1960-1985, the growth rate of real per capita GDP is positively relat...
Economic growth is a function of the interactions between the different productive factors framed in...