In spite of an identical initial condition, why are some parts of the world so rich and others so poor? To address this question, this paper constructs a simple theoretical model that incorporates human infrastructure and child labor The first part of the paper shows that the condition of bifurcation from an identical initial condition depends on the technology level. We also show that current dynamic trends highly depend on initial endowments and productivity. The second part of the paper examines the effect of development assistance in recipient countries. By analyzing two types of programs; the elimination of child labor and support to strengthen human infrastructure, we show that the former (latter) program is effective for middle- (lo...
This paper analyzes two possible sources of low-development traps related to human capital accumulat...
The classic narrative of economic development -- poor countries are caught in poverty traps, out of ...
Our study focuses on the role of foreign capital which includes foreign direct investment, foreign a...
The paper attempts to explain why single factor explanations of the poverty of nations are usually f...
The post-war growth experiences of developing countries lead to the idea that income equality may ac...
We evaluate whether and how the persistence of inequality and the presence of inequality traps carry...
In this paper, we develop a two period overlapping generation model on the effects of child nutritio...
R&D poverty traps Abstract: In this paper we show that the R&D effort of a country and its e...
Comparatively low levels of health and economic institutions are present in certain countries and no...
Standard growth theory teaches us that poverty traps are stable-low level balanced growth paths to w...
Abstract: We show that, contrary to a widely spread error, when the savings and the population growt...
The paper attempts to explain why single factor explanations of the poverty of nations are usually f...
This paper constructs an overlapping generations model with a frictional labor market to explain per...
This research tests the hypothesis that international cross-country differences in economic growth a...
Almost a decade into the twenty-first century, absolute poverty still pervades outside the industria...
This paper analyzes two possible sources of low-development traps related to human capital accumulat...
The classic narrative of economic development -- poor countries are caught in poverty traps, out of ...
Our study focuses on the role of foreign capital which includes foreign direct investment, foreign a...
The paper attempts to explain why single factor explanations of the poverty of nations are usually f...
The post-war growth experiences of developing countries lead to the idea that income equality may ac...
We evaluate whether and how the persistence of inequality and the presence of inequality traps carry...
In this paper, we develop a two period overlapping generation model on the effects of child nutritio...
R&D poverty traps Abstract: In this paper we show that the R&D effort of a country and its e...
Comparatively low levels of health and economic institutions are present in certain countries and no...
Standard growth theory teaches us that poverty traps are stable-low level balanced growth paths to w...
Abstract: We show that, contrary to a widely spread error, when the savings and the population growt...
The paper attempts to explain why single factor explanations of the poverty of nations are usually f...
This paper constructs an overlapping generations model with a frictional labor market to explain per...
This research tests the hypothesis that international cross-country differences in economic growth a...
Almost a decade into the twenty-first century, absolute poverty still pervades outside the industria...
This paper analyzes two possible sources of low-development traps related to human capital accumulat...
The classic narrative of economic development -- poor countries are caught in poverty traps, out of ...
Our study focuses on the role of foreign capital which includes foreign direct investment, foreign a...