Gutema, Paulos; Fayissa, Bichaka - In: Journal of Developing Areas 38 (2004) 1, pp. 19-36
In the neoclassical growth models, deferring current consumption and saving part of current income plays an important role in explaining the process of economic growth. In the case of subsistence economies, however, making such economic decisions are hardly possible [Myrdal, 1971]. The...