Fanti, Luciano; Spataro, Luca - Dipartimento di Economia e Management, Università … - 2007
In this paper, by adopting an OLG neoclassical growth model we show that intergenerational transfers may trigger the take off of an economy entrapped into poverty in a twofold way: 1) by eliminating the zero equilibrium -which, under technology with low factor substitutability, is always a...