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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Year of publication:	2010
Authors:	Waugh, Mike ; Vandenbroucke, Guillaume ; Ravikumar, B.
Institutions:	Society for Economic Dynamics - SED

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Series:	2010 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2010 SED Meeting Papers Number 1259
Source:	RePEc - Research Papers in Economics

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