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A Model of the Transition to Growth

Michael Waugh, Guillaume Vandenbroucke () and B Ravikumar

No 1259, 2010 Meeting Papers from Society for Economic Dynamics

Abstract: productivity: a new technology is "more risky" and more productive on average. In this context, the adoption of the new technology from a low level of income (close to subsistence) generates a gradual increase in the investment to output ratio.

Date: 2010
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More papers in 2010 Meeting Papers from Society for Economic Dynamics Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA. Contact information at EDIRC.
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