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What are some papers on cyclical poverty trap?

I am interested in the poverty trap models. Dynamically speaking, the model must exhibit multiple equilibria, as described in the below figure. (source) I have seen many models that can formulate the ...
teddi's user avatar
  • 311
2 votes
2 answers
284 views

If America's economy collapsed what would happen to all of the citizens? What if the whole global economy collapsed? [closed]

My journalism professor is not an expert in finance or economics but has studied history. She is always giving us a negative lecture on the America's economy and how the rich are taking al of the ...
Bruno1993's user avatar
  • 1,353
8 votes
2 answers
559 views

Why some countries are wealthier than others?

Twin-peak of economic growth is one of the concepts discussed in economics. Most of explanations for poverty traps are baseed on the lack of infrastructures and public goods. How could be another main ...
optimal control's user avatar