Explaining the Engel Curve : Climbing Up the Growth Ladder

This paper turns the static Engel Curve model of consumption into a dynamic interactive theory of growth. It explains why some countries remain trapped in the vicious circle of low income and low consumption, and works out how some others can move to higher income ground. Thrifty consumption and efficient production are the keys. This paper helps Malthus and Lewis break away from their growth and development trap, but detests Keynes' spending theory

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Year of publication:	2015
Authors:	Choi, Hak
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Nachfragetheorie des Haushalts \| Consumer demand theory \| Wirtschaftswachstum \| Economic growth \| Privater Konsum \| Private consumption \| Schätzung \| Estimation \| Großbritannien \| United Kingdom

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Extent:	1 Online-Ressource (6 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 14, 2015 erstellt
Other identifiers:	10.2139/ssrn.2606191 [DOI]
Classification:	f63
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013022747