Rich Nations, Poor Nations: How Much Can Multiple Equilibria Explain?
نویسندگان
چکیده
منابع مشابه
Rich nations , poor nations : how much can multiple equilibria explain ?
This paper asks whether the income gap between rich and poor nations can be explained by multiple equilibria. We explore the quantitative implications of a simple twosector general equilibrium model that gives rise to multiplicity, and calibrate the model for 127 countries. Under the assumptions of the model, around a quarter of the world’s economies are found to be in a low output equilibrium....
متن کاملNo . 17 / January 2004 Rich nations , poor nations : how much can multiple equilibria explain ?
This paper asks whether the income gap between rich and poor nations can be explained by multiple equilibria. We explore the quantitative implications of a simple two sector general equilibrium model that gives rise to multiplicity, and calibrate the model for a large number of countries. Under the assumptions of the model, around a quarter of the world’s economies are found to be in a low outp...
متن کاملRich nations , poor nations : how much can multiple equilibria explain ? 1 Bryan
The idea that income differences between rich and poor nations arise through multiple equilibria or ‘poverty traps’ is as intuitive as it is dif¿cult to verify. In this paper, we explore the empirical relevance of such models. We calibrate a simple two sector model for 127 countries, and use the results to analyze the international prevalence of poverty traps and their consequences for producti...
متن کاملPoor Nations / Rich Nations : Why the Difference ?
This article argues that the difference between poor countries and rich countries has to do with governance rather than resources, emphasizing the importance of public administration in explaining economic success and failure. Political elasticity (PE) theory is introduced for the analysis presented here, including the following terminology: (1) political elasticity, (2) political inelasticity,...
متن کاملMeasuring Economic Insecurity in Rich and Poor Nations
In both rich and poor nations, worrying about future economic dangers subtracts from the present well-being of individuals, which is why affluent societies have complex systems of private insurance and public social protection to reduce the costs of economic hazards. However, the citizens of poor nations (i.e. most of humanity) typically find both private insurance and public social protection ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Economic Growth
سال: 2006
ISSN: 1381-4338,1573-7020
DOI: 10.1007/s10887-006-7404-5