Showing 1 - 2 of 2
show that thanks to debt and/or R&D the poverty trap may be avoided. Second, we introduce a distorsion : corruption which …
Persistent link: https://www.econbiz.de/10005630743
This paper examines the transitional dynamic of a poor region during its development proces. In order to achieve this goal, the paper use a simple model of growth whose the main particularity is to employ a Stone-Geary form to caracterize the preferences. The model predicts two kinds of...
Persistent link: https://www.econbiz.de/10005776569