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Nonlinearities in growth have important implications for cross-country income inequality. In particular, they imply that countries may spend long periods of time in a low-growth poverty trap. However, finding evidence of such nonlinearities in the data and accounting for their emergence pose...
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systems and control theory, it is shown how to reduce the dimension of the state and the policy vector so that the reduced …
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contributions in economics, natural sciences and applied mathematics, especially optimal control theory. Its main topics include … theory which offers a common basis for multidisciplinatory research and mathematical tools for solving complicated models …
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