Benhabib, Jess (contributor); Spiegel, Mark (contributor) - 2002 - [Elektronische Ressource]
potential world knowledge, proxied
in our model as the total factor productivity level of the leader country. We then
test this … four nations, our results indicate that most of the world is not in a
permanent development trap, at least in terms of …
i
, that
lim
t→∞
A
i
(t)
A
m
(t)
= Ω
This is, for all parametrizations, a world balanced growth path with the leader …