A bottleneck capital model of development

A simple augmentation of the Ramsey–Cass–Koopmans growth model allows it to match observed transitions by initially poor economies. A high-convexity installation cost directly dampens investment demand for a first capital input. The resulting scarcity acts as a bottleneck, strongly dampening demand...

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Bibliographic details
Volume: 53
Main Author: Rappaport, Jordan
Format: Journal Article
Language: English
Zielgruppe: Trade
Academic
Place of publication: AMSTERDAM Elsevier B.V 2006
ELSEVIER SCIENCE BV
Elsevier
published in: Journal of monetary economics Vol. 53; no. 8; pp. 2113 - 2129
Data of publication: 2006
ISSN: 0304-3932
1873-1295
EISSN: 1873-1295
Discipline: Economics
Business
Series: Journal of Monetary Economics
Subjects:
Online Access: available in Bonn?
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2006
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