A Model of the Transition to Growth
productivity: a new technology is "more risky" and more productive on average. In this context, the adoption of the new technology from a low level of income (close to subsistence) generates a gradual increase in the investment to output ratio.
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|Date of creation:||2010|
|Date of revision:|
|Contact details of provider:|| Postal: Society for Economic Dynamics Marina Azzimonti Department of Economics Stonybrook University 10 Nicolls Road Stonybrook NY 11790 USA|
Web page: http://www.EconomicDynamics.org/
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