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https://hdl.handle.net/10419/39509
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Chakrabarty, Debajyoti | en |
dc.date.accessioned | 2010-09-01T09:47:09Z | - |
dc.date.available | 2010-09-01T09:47:09Z | - |
dc.date.issued | 2002 | - |
dc.identifier.uri | http://hdl.handle.net/10419/39509 | - |
dc.description.abstract | We study the effect of endogenous time preference in a simple neo-classical modelof growth. The variation of time preference causes the economy to have multiplesteady states, some of which are similar to poverty traps. The stability properties ofthese steady states are analyzed. The results are interpreted in light of the growthexperiences of developing economies. The model can explain why two economiesthat have identical production technologies and identical preferences may convergeto different levels of income depending on initial conditions. | en |
dc.language.iso | eng | en |
dc.publisher | |aRheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI) |cBonn | en |
dc.relation.ispartofseries | |aZEI Working Paper |xB 27-2002 | en |
dc.subject.jel | D91 | en |
dc.subject.jel | E21 | en |
dc.subject.jel | C62 | en |
dc.subject.jel | O40 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Intertemporal choice | en |
dc.subject.keyword | Saving | en |
dc.subject.keyword | Growth | en |
dc.subject.keyword | Local stability | en |
dc.subject.keyword | Poverty traps | en |
dc.subject.stw | Zeitpräferenz | en |
dc.subject.stw | Wachstumstheorie | en |
dc.subject.stw | Armut | en |
dc.subject.stw | Theorie | en |
dc.title | Poverty traps and growth in a model of endogenous time preference | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 825538556 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:zeiwps:B272002 | en |
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