A note on economic growth with subsistence consumption

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dc.identifier.uri http://dx.doi.org/10.15488/2655
dc.identifier.uri http://www.repo.uni-hannover.de/handle/123456789/2681
dc.contributor.author Strulik, Holger
dc.date.accessioned 2018-01-29T10:20:22Z
dc.date.available 2018-01-29T10:20:22Z
dc.date.issued 2010
dc.identifier.citation 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
dc.description.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. eng
dc.language.iso eng
dc.publisher Cambridge : Cambridge University Press
dc.relation.ispartofseries Macroeconomic Dynamics 14 (2010), Nr. 5
dc.rights 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.
dc.subject Economic Growth eng
dc.subject Saving eng
dc.subject Subsistence Needs eng
dc.subject.ddc 330 | Wirtschaft ger
dc.title A note on economic growth with subsistence consumption eng
dc.type Article
dc.type Text
dc.relation.issn 1365-1005
dc.relation.doi https://doi.org/10.1017/S1365100509990976
dc.bibliographicCitation.issue 5
dc.bibliographicCitation.volume 14
dc.bibliographicCitation.firstPage 763
dc.bibliographicCitation.lastPage 771
dc.description.version publishedVersion
tib.accessRights frei zug�nglich

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