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Persistent link: https://www.econbiz.de/10011502573
We studied the population dynamics of producers and parasites in a developing economy through the Lotka-Volterra model. Our baseline model found a cyclical equilibrium between these two groups of agents. When the equilibrium output is low, we propose that economy is in a poverty trap, such that...
Persistent link: https://www.econbiz.de/10011865550
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