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Poverty trap and growth with public goods

Abe, N.; (1995) Poverty trap and growth with public goods. Economics Letters , 47 (3-4) pp. 361-366. 10.1016/0165-1765(94)00558-J.

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Abstract

We examine an endogenous growth model with public goods. By generalizing the assumption of linearity, we have a steady state which is asymptotically stable. That is, multiple convergence occurs. Discretionary government policy is required to sustain economic growth.

Type:Article
Title:Poverty trap and growth with public goods
DOI:10.1016/0165-1765(94)00558-J
Publisher version:http://dx.doi.org/10.1016/0165-1765(94)00558-J
Language:English
UCL classification:UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics

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