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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

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

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

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/10011664432

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

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

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

Industrialisation and the big push in a global economy

Kreickemeier, Udo; Wrona, Jens - 2017

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

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