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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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
1992.
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| Серія: | IMF Working Papers; Working Paper ;
No. 1992/091 |
| Онлайн доступ: | Full text available on IMF |