Economic Growth Nonlinearities
Chih Ming Tan
University of North Dakota - College of Business & Public Administration - Department of Economics
January 30, 2007
NEW PAGRAVE DICTIONARY OF ECONOMICS, Larry Blume and Steven Durlauf, eds., Palgrave-Macmillan, 2008
Nonlinearities in growth have important implications for cross-country income inequality. In particular, they imply that countries may spend long periods of time in a low-growth poverty trap. However, finding evidence of such nonlinearities in the data and accounting for their emergence pose unique challenges to researchers.
Number of Pages in PDF File: 9
Keywords: balanced growth, diffusion of technology, economic growth, endogenous growth, growth take-offs, structural change
JEL Classification: C10, O10
Date posted: January 30, 2007 ; Last revised: July 29, 2012
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