Poverty Traps
by
Costas Azariadis
,
John Stachurski
| Venue: | Prepared for the Handbook of Economic Growth |
| Citations: | 20 - 3 self |
BibTeX
@MISC{Azariadis_povertytraps,
author = {Costas Azariadis and John Stachurski},
title = {Poverty Traps },
year = {}
}
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Abstract
In the problem of economic development, a phrase that crops up frequently is ‘the vicious circle of poverty.’ It is generally treated as something obvious, too obvious to be worth examining. I hope I may be forgiven if I begin by taking a look at this obvious concept. (R. Nurkse, 1953)
