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DP1049.pdf | 3.62 MB | Adobe PDF | 見る/開く |
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dc.contributor.author | Asano, Takao | en |
dc.contributor.author | Shibata, Akihisa | en |
dc.contributor.author | Yokoo, Masanori | en |
dc.date.accessioned | 2021-03-25T10:24:29Z | - |
dc.date.available | 2021-03-25T10:24:29Z | - |
dc.date.issued | 2020-12-25 | - |
dc.identifier.uri | http://hdl.handle.net/2433/262366 | - |
dc.description.abstract | In this paper, we develop a simple growth model that exhibits a wide variety of economic development patterns. In particular, our numerical simulations demonstrate that for a given set of parameter values, various types of development patterns such as the middle-income trap, the poverty trap, periodic or chaotic fluctuations, and high-income paths, can coexist, and which pattern is realized depends only on the initial value of capital. For another set of parameter values, we show that due to the pinball effect, an economy starting at a middle-income level can take off to the high-income state or get caught in the poverty trap in a seemingly random way after undergoing transient chaotic motions. Our results can explain observed complicated patterns of economic development in a unified manner. | en |
dc.format.mimetype | application/pdf | - |
dc.language.iso | eng | - |
dc.publisher | Institute of Economic Research, Kyoto University | en |
dc.publisher.alternative | 京都大学経済研究所 | ja |
dc.subject | Middle-income traps | en |
dc.subject | Poverty traps | en |
dc.subject | Complex dynamics | en |
dc.subject | Technology choice | en |
dc.subject | CES production function | en |
dc.subject.ndc | 330 | - |
dc.title | Middle-Income Traps and Complexity in Economic Development | en |
dc.type | research report | - |
dc.type.niitype | Research Paper | - |
dc.identifier.jtitle | KIER Discussion Paper | en |
dc.identifier.volume | 1049 | - |
dc.identifier.spage | 1 | - |
dc.identifier.epage | 25 | - |
dc.textversion | author | - |
dc.sortkey | 01049 | - |
dc.address | Graduate School of Humanities and Social Sciences, Okayama University | en |
dc.address | Institute of Economic Research, Kyoto University | en |
dc.address | Graduate School of Humanities and Social Sciences, Okayama University | en |
dc.identifier.kaken | 17H02516 / 17K03806 / 20H05631 / 20K01745 / 20H01507 | - |
dc.relation.url | https://www.kier.kyoto-u.ac.jp/publication/?cat=en | - |
dcterms.accessRights | open access | - |
出現コレクション: | KIER Discussion Paper (英文版) |
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