Heterogeneous Firms, Productivity and Poverty Traps
نویسندگان
چکیده
منابع مشابه
Externalities, Endogenous Productivity, and Poverty Traps
We present a version of the neoclassical model with an endogenous industry structure. We obtain multiple steady-state equilibria with an arbitrarily small degree of increasing returns to scale. While the most productive rms operate across all the steady states, in a poverty trap less productive rms operate as well. This results in lower average rm productivity and total factor productivity. ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.840144