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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

Nonlinear dynamics in economics and finance and unit root testing

Pavlidis, Efthymios G.; Payá, Ivan; Peel, David; … - In: The European journal of finance 19 (2013) 5/6, pp. 572-588

Persistent link: https://www.econbiz.de/10010243592

Industrialisation and the big push in a global economy

Kreickemeier, Udo; Wrona, Jens - 2017

In their famous paper on the "Big Push", Murphy, Shleifer, and Vishny (1989) show how the combination of increasing returns to scale at the firm level and pecuniary externalities can give rise to a poverty trap, thereby formalising an old idea due to Rosenstein-Rodan (1943). We develop in this...

Persistent link: https://www.econbiz.de/10011643456

Industrialisation and the Big Push in a Global Economy

Kreickemeier, Udo; Wrona, Jens - 2017

In their famous paper on the “Big Push”, Murphy, Shleifer, and Vishny (1989) show how the combination of increasing returns to scale at the firm level and pecuniary externalities can give rise to a poverty trap, thereby formalising an old idea due to Rosenstein-Rodan (1943). We develop in...

Persistent link: https://www.econbiz.de/10011657196

Industrialisation and the big push in a global economy

Kreickemeier, Udo; Wrona, Jens - 2017

Persistent link: https://www.econbiz.de/10011664432

Population growth and multiple equilibria: Inferences from a modified Ramsey model

Lehmijoki, Ulla - 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/10010274561