Jun 20, 2012 15:44
11 yrs ago
Catalan term

nivell de renda per capita d’equilibri o d'estat estacionari

Catalan to English Bus/Financial Economics
ORIGINAL:

".... la literatura neoclàssica del creixement econòmic estableix una hipòtesi que relaciona les taxes de creixement econòmic dels països amb el nivell de renda per capita de partida i la distància que els separa del seu nivell de renda per capita d’equilibri o d’estat estacionari"
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For this one I want to know if I have understood the last section of this phrase. My suggested first draft of this section of the translation goes like this:

"The neoclassical approach to economic growth establishes a hypothesis that relates economic growth rates of countries with a base level of per capita income to the gap between their expected break even or steady state level"

This is a case of translating when you don't really know exactly what the original (or your translation) refers to ;-)

Am I in the ball park here? I must confess I feel out of my depth here. I understood that this text would involve "a little bit of economics" - but in fact it often veers into pure economic theory and that was never one of my strengths.

Thanks in advance for your help.
Proposed translations (English)
2 See expl.

Discussion

Berni Armstrong (asker) Jun 21, 2012:
Converging growth rates Yes. They get a mention too!

Proposed translations

7 hrs
Selected

See expl.

The neoclassical approach to economic growth establishes a hypothetical relationship for the gap between the economic growth rates of countries with a base level of per capita income and their constant, steady-state growth level".

"Equilibrium" instead of constant was also used, I remember, but it lacks a handy adjective.

Bernie, I'm in much the same situation as to macro-economics...
The version above should be taken in the same spirit as Groucho's principles, ie. "If you don't like it, I've got others.... etc..;-)

If the text goes on to mention diminishing returns this may be right.

Any mention of converging growth rates?
Something went wrong...
3 KudoZ points awarded for this answer. Comment: "Thanks. I'm finishing this one off before it does the same to me ;-)"
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