Poverty Traps and Financial Development in a Model of Finance and Growth
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Poverty Traps and Financial Development in a Model of Finance and Growth
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 118 (1998), Iss. 3 : pp. 415–424
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Arnold, Lutz
Abstract
A stylized model of finance and growth is developed in which the occurrence of poverty traps and financial development is explicitly derived from a consideration of transitional dynamics.