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 |
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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 |
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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 |
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dc.publisher |
Cambridge : Cambridge University Press |
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dc.relation.ispartofseries |
Macroeconomic Dynamics 14 (2010), Nr. 5 |
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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. |
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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 |
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dc.type |
Text |
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dc.relation.issn |
1365-1005 |
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dc.relation.doi |
https://doi.org/10.1017/S1365100509990976 |
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dc.bibliographicCitation.issue |
5 |
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dc.bibliographicCitation.volume |
14 |
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dc.bibliographicCitation.firstPage |
763 |
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dc.bibliographicCitation.lastPage |
771 |
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dc.description.version |
publishedVersion |
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tib.accessRights |
frei zug�nglich |
|