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Economic Growth Nonlinearities

NEW PAGRAVE DICTIONARY OF ECONOMICS, Larry Blume and Steven Durlauf, eds., Palgrave-Macmillan, 2008

9 Pages Posted: 30 Jan 2007 Last revised: 29 Jul 2012

Chih Ming Tan

University of North Dakota - College of Business & Public Administration - Department of Economics

Date Written: January 30, 2007

Abstract

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.

Keywords: balanced growth, diffusion of technology, economic growth, endogenous growth, growth take-offs, structural change

JEL Classification: C10, O10

Suggested Citation

Tan, Chih Ming, Economic Growth Nonlinearities (January 30, 2007). NEW PAGRAVE DICTIONARY OF ECONOMICS, Larry Blume and Steven Durlauf, eds., Palgrave-Macmillan, 2008. Available at SSRN: https://ssrn.com/abstract=960223

Chih Ming Tan (Contact Author)

University of North Dakota - College of Business & Public Administration - Department of Economics ( email )

293 Centennial Drive Stop 8369
Grand Forks, ND 58202-8369
United States

HOME PAGE: http://sites.google.com/site/chihmingtan/home

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