A NOTE ON ECONOMIC GROWTH WITH SUBSISTENCE CONSUMPTION
نویسندگان
چکیده
منابع مشابه
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...
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ژورنال
عنوان ژورنال: Macroeconomic Dynamics
سال: 2010
ISSN: 1365-1005,1469-8056
DOI: 10.1017/s1365100509990976