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

English translation: See expl.

15:44 Jun 20, 2012

Catalan to English translations [PRO]
Bus/Financial - Economics

Catalan term or phrase: nivell de renda per capita d’equilibri o d'estat estacionari

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.

Berni Armstrong KudoZ activity Questions: 421 (none open) (2 without valid answers) (5 closed without grading) Answers: 550 Spain
Local time: 05:49

English translation:See expl.

Explanation:
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?

Selected response from:

Andy Watkinson
Spain
Local time: 05:49

Grading comment

Thanks. I'm finishing this one off before it does the same to me ;-)
3 KudoZ points were awarded for this answer

Summary of answers provided

See expl.

Andy Watkinson

Discussion entries: 1

Answers

7 hrs confidence:

See expl.

Andy Watkinson
Spain
Local time: 05:49
Native speaker of:

English
PRO pts in category: 7

Grading comment

Thanks. I'm finishing this one off before it does the same to me ;-)

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

English translation: See expl.

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English translation: See expl.

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