Arbeitspapier
A Note on economic growth with subsistence consumption
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 controversially discussed 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 from the size of subsistence needs. The model is thus more general and less subject to arbitrariness than it 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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionsbeitrag ; No. 405
- Klassifikation
-
Wirtschaft
Macroeconomic Analyses of Economic Development
One, Two, and Multisector Growth Models
Micro-Based Behavioral Economics: General‡
- Thema
-
Economic growth
saving
subsistence needs
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Strulik, Holger
- Ereignis
-
Veröffentlichung
- (wer)
-
Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
- (wo)
-
Hannover
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Strulik, Holger
- Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
Entstanden
- 2008
Ähnliche Objekte (12)
Subsistence: A Bio-economic Foundation of the Malthusian Equilibrium
Secularization and long-run economic growth
From Worship to Worldly Pleasures: Secularization and Long-Run Economic Growth
From Pain Patient to Junkie: An Economic Theory of Painkiller Consumption and its Impact on Wellbeing and Longevity
From pain patient to junkie: An economic theory of painkiller consumption and its impact on wellbeing and longevity
Desire and Development
Comparing consumption: a curse or a blessing?
The determinants of subsistence income in a Malthusian world
Voracity and Growth Reconsidered
Voracity and growth econsidered
Poverty, voracity, and growth
Hyperbolical Discounting and Endogenous Growth
Subsistence: A Bio-economic Foundation of the Malthusian Equilibrium
Secularization and long-run economic growth
From Worship to Worldly Pleasures: Secularization and Long-Run Economic Growth
From Pain Patient to Junkie: An Economic Theory of Painkiller Consumption and its Impact on Wellbeing and Longevity
From pain patient to junkie: An economic theory of painkiller consumption and its impact on wellbeing and longevity
Desire and Development
Comparing consumption: a curse or a blessing?
The determinants of subsistence income in a Malthusian world
Voracity and Growth Reconsidered
Voracity and growth econsidered
Poverty, voracity, and growth
Hyperbolical Discounting and Endogenous Growth
Subsistence: A Bio-economic Foundation of the Malthusian Equilibrium
Secularization and long-run economic growth
From Worship to Worldly Pleasures: Secularization and Long-Run Economic Growth
From Pain Patient to Junkie: An Economic Theory of Painkiller Consumption and its Impact on Wellbeing and Longevity
From pain patient to junkie: An economic theory of painkiller consumption and its impact on wellbeing and longevity
Desire and Development
Comparing consumption: a curse or a blessing?
The determinants of subsistence income in a Malthusian world
Voracity and Growth Reconsidered
Voracity and growth econsidered
Poverty, voracity, and growth