@techreport{Chakrabarty2002Poverty,
abstract = {We study the effect of endogenous time preference in a simple neo-classical model
of growth. The variation of time preference causes the economy to have multiple
steady states, some of which are similar to poverty traps. The stability properties of
these steady states are analyzed. The results are interpreted in light of the growth
experiences of developing economies. The model can explain why two economies
that have identical production technologies and identical preferences may converge
to different levels of income depending on initial conditions.},
address = {Bonn},
author = {Debajyoti Chakrabarty},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D91; E21; C62; O40; 330; Intertemporal choice; Saving; Growth; Local stability; Poverty traps; Zeitpr\"{a}ferenz; Wachstumstheorie; Armut; Theorie},
language = {eng},
number = {B 27-2002},
publisher = {ZEI},
title = {Poverty traps and growth in a model of endogenous time preference},
type = {ZEI working paper},
url = {http://hdl.handle.net/10419/39509},
year = {2002}
}
