A credit market in early stages of economic development
Hideki Nakamura () and
Tetsuya Nakajima ()
Economics Letters, 2011, vol. 112, issue 1, 42-44
Even if the relatively rich and the poor are initially caught in a poverty trap, the relatively rich can escape poverty by receiving payments from the poor. Further accumulation of wealth by the rich allows the poor to escape poverty.
Keywords: Credit; market; Early; stages; of; economic; development; Relatively; rich; Poor (search for similar items in EconPapers)
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