We study the effect of endogenous time preference in a simple neo-classical model of growth. The variation of time … properties of these steady states are analyzed. The results are interpreted in light of the growth experiences of developing …

We study the effect of endogenous time preference in a simple neo-classical model of growth. The variation of time … properties of these steady states are analyzed. The results are interpreted in light of the growth experiences of developing …

We employ a convex model of growth, nesting both a neoclassical and endogenous growth regimes, as a framework for … studying the contributions of capital accumulation to the widely documented divergence of international growth experiences. In … helps to deliver a greater global growth rate; but if unequally developed across countries, it can also help generate both …

We study the effect of endogenous time preference in a simple neo-classical model of growth. The variation of time … properties of these steady states are analyzed. The results are interpreted in light of the growth experiences of developing …

Abstract Commentators on the `East Asian Miracle' of inclusive growth have often pointed toward shared rural growth … bolster political incentives through contributions. Economies with a stronger middle class due to lower inequality or lower …

This paper explores theoretical linkages between poverty traps, economic inequality and delinquency in a two sector … incentives interact. We find that the existence of a poverty trap under high economic inequality and costly indivisible human … increase in wealth inequality. We also find that subsidies for human capital investments can have an ambiguous effect on …