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Matches in SemOpenAlex for { <https://semopenalex.org/work/W2519973412> ?p ?o ?g. }

• W2519973412 abstract "The paper develops a growth model of multiple equilibria. In the model, poverty trap is caused by the presence of negative externalities – side e¤ects– during an economy’s take o¤. The role of growth-maximizing public investment in this economy is more decisive than in ergodic ones. Depending on the economy’s initial condition, even a temporary policy shock may bring a permanent growth miracle, particularly, if the shock is not too weak or followed by a negative o¤setting/counterbalancing one." @default.
• W2519973412 created "2016-09-23" @default.
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• W2519973412 date "2009-10-08" @default.
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• W2519973412 title "Poverty trap and public capital" @default.
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• W2519973412 hasPublicationYear "2009" @default.
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