Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39509
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dc.contributor.authorChakrabarty, Debajyotien_US
dc.date.accessioned2010-09-01T09:47:09Z-
dc.date.available2010-09-01T09:47:09Z-
dc.date.issued2002en_US
dc.identifier.urihttp://hdl.handle.net/10419/39509-
dc.description.abstractWe 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.-
dc.language.isoengen_US
dc.publisher|aZEI |cBonnen_US
dc.relation.ispartofseries|aZEI working paper |xB 27-2002en_US
dc.subject.jelD91-
dc.subject.jelE21-
dc.subject.jelC62-
dc.subject.jelO40-
dc.subject.ddc330en_US
dc.subject.keywordIntertemporal choice-
dc.subject.keywordSaving-
dc.subject.keywordGrowth-
dc.subject.keywordLocal stability-
dc.subject.keywordPoverty traps-
dc.subject.stwZeitpräferenzen_US
dc.subject.stwWachstumstheorieen_US
dc.subject.stwArmuten_US
dc.subject.stwTheorieen_US
dc.titlePoverty traps and growth in a model of endogenous time preferenceen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn825538556en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zeiwps:B272002-

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