| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP6472 |
| 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 |
| URL | https://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. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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