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Satiation and underdevelopment

  • Funk, Peter

In this article we show how absolute poverty and per capita growth can be sustained simultaneously in a fully integrated world economy even in the absence of population growth. In contrast to the literature we use a model of endogenously sustained growth in which not only the intensity of progress is determined endogenously, but also the direction of change. The essential assumptions driving the results are that once a person has satisfied his basic needs, he prefers high-quality commodities to low-quality commodites and that innovation-possibilities within high-quality sectors are not unskilled labor-using.

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Article provided by Elsevier in its journal Journal of Development Economics.

Volume (Year): 57 (1998)
Issue (Month): 2 ()
Pages: 319-341

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Handle: RePEc:eee:deveco:v:57:y:1998:i:2:p:319-341
Contact details of provider: Web page: http://www.elsevier.com/locate/devec

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  7. repec:hoo:wpaper:e-92-3 is not listed on IDEAS
  8. Ciccone, A. & Matsuyama, K., 1993. "Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development," Papers 533, Stockholm - International Economic Studies.
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  13. Nancy L. Stokey, 1991. "The Volume and Composition of Trade Between Rich and Poor Countries," Review of Economic Studies, Oxford University Press, vol. 58(1), pages 63-80.
  14. BARHAM, Vicky & BOADWAY, Robin & MARCHAND, Maurice & PESTIEAU, Pierre, 1992. "Education and the poverty trap," CORE Discussion Papers 1992010, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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  20. Alwyn Young, 1991. "Learning by Doing and the Dynamic Effects of International Trade," NBER Working Papers 3577, National Bureau of Economic Research, Inc.
  21. Zilibotti, Fabrizio, 1995. "A Rostovian model of endogenous growth and underdevelopment traps," European Economic Review, Elsevier, vol. 39(8), pages 1569-1602, October.
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  25. Birdsall, Nancy, 1988. "Economic approaches to population growth," Handbook of Development Economics, in: Hollis Chenery & T.N. Srinivasan (ed.), Handbook of Development Economics, edition 1, volume 1, chapter 12, pages 477-542 Elsevier.
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