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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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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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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 R. W. - Institute for International Integration Studies (IIIS), … - 2004
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 a large number of countries. Under...
Persistent link: https://www.econbiz.de/10005187452
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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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Population Growth and Multiple Equilibria: Inferences from a Modified Ramsey Model
Lehmijoki, Ulla - Institute for the Study of Labor (IZA) - 2011
The demographic transition is introduced into the otherwise standard Ramsey model to generate multiple equilibria, poverty traps, and demography-driven cycles. The model is calibrated for global data to explore the demographic conditions under which multiplicity is realized. Three cases arise,...
Persistent link: https://www.econbiz.de/10008836671
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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