G2TT
来源类型Discussion paper
规范类型论文
来源IDDP6472
DP6472 Financial Innovation and the Transactions Demand for Cash
Fernando Alvarez; Francesco Lippi
发表日期2007-09-14
出版年2007
语种英语
摘要Unified Growth Theory uncovers the forces that contributed to the existence of multiple growth regimes and the emergence of convergence clubs. It suggests that differential timing of take-offs from stagnation to growth segmented economies into three fundamental regimes: slow growing economies in a Malthusian regime, fast growing countries in a sustained growth regime, and economies in the transition between these regimes. In contrast to existing research that links regime switching thresholds to critical levels of income or human capital, UGT associates them with critical changes in the rates of technological progress, population growth, and human capital formation.
主题International Macroeconomics
关键词Convergence clubs Malthusian epoch Sustained growth Unified growth theory
URLhttps://cepr.org/publications/dp6472
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/535287
推荐引用方式
GB/T 7714
Fernando Alvarez,Francesco Lippi. DP6472 Financial Innovation and the Transactions Demand for Cash. 2007.
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