The Savings Trap and Economic Take-Off /
We develop an overlapping generations model of a developing economy in which 'culture' and technology interact to determine savings, investment and growth. Investment is assumed to involve intermediation or other costs which may, in each period, result in either of two stable equilibria fo...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
1992.
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| Edice: | IMF Working Papers; Working Paper ;
No. 1992/091 |
| On-line přístup: | Full text available on IMF |