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Household Income Dynamics in Two Transition Economies
Lokshin, Michael; Ravallion, Martin - In: Studies in Nonlinear Dynamics & Econometrics 8 (2004) 3, pp. 1182-1182
of household incomes allowing for endogenous attrition. Our estimates for Hungary and Russia in the 1990s reveal … significant nonlinearity in the dynamics, consistent with the claim that income inequality attenuates growth in mean income …We test for the existence of poverty traps and distribution-dependent growth using a nonlinear dynamic panel data model …
Persistent link: https://www.econbiz.de/10005584865
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Social network capital, economic mobility and poverty traps
Chantarat, Sommarat; Barrett, Christopher - In: Journal of Economic Inequality 10 (2012) 3, pp. 299-342
This paper explores the role social network capital might play in facilitating poor agents’ escape from poverty traps. We model and simulate endogenous link formation among households heterogeneously endowed with both traditional and social network capital who make investment and technology...
Persistent link: https://www.econbiz.de/10010866737
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Management Ability, Long-run Growth, and Poverty Traps
Kuwahara, Shiro - In: Journal of Economics 89 (2006) 1, pp. 37-58
Persistent link: https://www.econbiz.de/10005715477
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Rich Nations, Poor Nations: How Much Can Multiple Equilibria Explain?
Graham, Bryan; Temple, Jonathan - In: Journal of Economic Growth 11 (2006) 1, pp. 5-41
This paper asks whether the income gap between rich and poor nations can be explained by multiple equilibria. We explore the quantitative implications of a simple two-sector general equilibrium model that gives rise to multiplicity, and calibrate the model for 127 countries. Under the...
Persistent link: https://www.econbiz.de/10005716634
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Rich Nations, Poor Nations: How Much can Multiple Equilibria Explain?
Graham, Bryan S; Temple, Jonathan - C.E.P.R. Discussion Papers - 2001
The idea that income differences between rich and poor nations arise through multiple equilibria or ‘poverty traps’ is as intuitive as it is difficult to verify. In this Paper, we explore the empirical relevance of such models. We calibrate a simple two-sector model for 127 countries, and...
Persistent link: https://www.econbiz.de/10005504352
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Nonlinear dynamics of livestock assets: Evidence from Ethiopia
Van Campenhout, Bjorn; Dercon, Stefan - International Food Policy Research Institute (IFPRI) - 2012
Recent research on the intertemporal dynamics of poverty using microeconomic data often hints at the existence of poverty traps, where some find themselves trapped at a low-level stable equilibrium while others enjoy a higher stable equilibrium. Without a sizable positive shock to well-being,...
Persistent link: https://www.econbiz.de/10010593557
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Economic growth and multiple equilibria: A critical note
Gaspar, J.; Vasconcelos, P.B.; Afonso, O. - In: Economic Modelling 36 (2014) C, pp. 157-160
Recent literature on economic growth points towards the possibility of the existence of multiple equilibria, under … certain conditions. In this paper we use a growth model with a public health infrastructure to analyze, in detail, its local …, meaning that the so called “growth miracles” in some literature may be less likely to occur. Numerical computations illustrate …
Persistent link: https://www.econbiz.de/10011048850
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Social Network Capital, Economic Mobility and Poverty Traps
Chantarat, Sommarat; Barrett, Christopher B. - Volkswirtschaftliche Fakultät, … - 2007
The paper explores the role social network capital might play in facilitating poor agents’ escape from poverty traps. We model endogenous network formation among households heterogeneously endowed with both traditional and social network capital who make investment and technology choices over...
Persistent link: https://www.econbiz.de/10005790335
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The Road out of Crisis and the Policy Choices Facing Russia
Freeman, Alan - Volkswirtschaftliche Fakultät, … - 2013
Trends in Globalization’ website (http://ablog.typepad.com/), the paper analyzes growth in four types of country typified by … the EU, the USA, India, and China. The fastest growth has been registered in China, which has followed a policy of … expansionary money with strong banking controls, combined with an investment-led stimulus. Strong growth has also however been …
Persistent link: https://www.econbiz.de/10011260174
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Multiple equilibria and chaos in a discrete tâtonnement process
Kaizoji, Taisei - Volkswirtschaftliche Fakultät, … - 2010
The purpose of this note is to demonstrate a sufficient condition for discrete tâtonnement process to lead to chaos in a general equilibrium model with multiple commodities. The result indicates that as the speed of price adjustment increases the discrete tâtonnement process is complex in a...
Persistent link: https://www.econbiz.de/10008599123