A note on economic growth with subsistence consumption

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Strulik, H.: A note on economic growth with subsistence consumption. In: Macroeconomic Dynamics 14 (2010), Nr. 5, S. 763-771. DOI: https://doi.org/10.1017/S1365100509990976

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To cite the version in the repository, please use this identifier: https://doi.org/10.15488/2655

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Sum total of downloads: 298




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Abstract: 
It is well known that the performance of simple models of economic growth improves substantially through the introduction of subsistence consumption. How to compute subsistence needs, however, is a difficult and controversial issue. Here, I reconsider the linear (Ak) growth model with subsistence consumption and show that the evolution of savings rates and economic growth rates over time is independent of the size of subsistence needs. The model is thus more general and less subject to arbitrariness than might have been thought initially. Quantitatively, it is shown that, although there is no degree of freedom to manipulate transitional dynamics, the model approximates the historical evolution of savings rates and growth rates reasonably well. © Cambridge University Press 2010.
License of this version: Es gilt deutsches Urheberrecht. Das Dokument darf zum eigenen Gebrauch kostenfrei genutzt, aber nicht im Internet bereitgestellt oder an Außenstehende weitergegeben werden. Dieser Beitrag ist aufgrund einer (DFG-geförderten) Allianz- bzw. Nationallizenz frei zugänglich.
Document Type: Article
Publishing status: publishedVersion
Issue Date: 2010
Appears in Collections:Wirtschaftswissenschaftliche Fakultät

distribution of downloads over the selected time period:

downloads by country:

pos. country downloads
total perc.
1 image of flag of Germany Germany 206 69.13%
2 image of flag of United States United States 32 10.74%
3 image of flag of Czech Republic Czech Republic 9 3.02%
4 image of flag of France France 6 2.01%
5 image of flag of Sweden Sweden 5 1.68%
6 image of flag of Japan Japan 4 1.34%
7 image of flag of Ireland Ireland 3 1.01%
8 image of flag of United Kingdom United Kingdom 3 1.01%
9 image of flag of China China 3 1.01%
10 image of flag of Italy Italy 2 0.67%
    other countries 25 8.39%

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