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Satiation and Underdevelopment

  • Peter Funk

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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File URL: http://www.wiwi.uni-bonn.de/bgsepapers/bonsfa/bonsfa508.ps
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Paper provided by University of Bonn, Germany in its series Discussion Paper Serie A with number 508.

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Length: 24
Date of creation: May 1994
Date of revision:
Handle: RePEc:bon:bonsfa:508
Contact details of provider: Postal: Bonn Graduate School of Economics, University of Bonn, Adenauerallee 24 - 26, 53113 Bonn, Germany
Fax: +49 228 73 6884
Web page: http://www.bgse.uni-bonn.de

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