The wealth of nations
fundamental forces versus poverty traps
by David E. Bloom
"We test the view the large differences in income levels we see across the world are due to differences in underlying characteristics, i.e. fundamental forces, against the alternative that there are poverty traps. Taking geographical variables as fundamental characteristics, we find that we can reject fundamental forces in favor of a poverty trap model with high and low level equilibria. The high level equilibrium state is found to be the same for all countries while income in the low level equilibrium, and the probability of being in the high level equilibrium, are greater in cool, coastal countries with high, year- round, rainfall"--National Bureau of Economic Research web site.
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The wealth of nations: fundamental forces versus poverty traps
2002, National Bureau of Economic Research
Electronic resource
in English
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Edition Notes
Includes bibliographical references.
Title from PDF file as viewed on 3/3/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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- Created April 1, 2008
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| December 13, 2020 | Edited by MARC Bot | import existing book |
| July 31, 2012 | Edited by VacuumBot | Updated format '[electronic resource] :' to 'Electronic resource' |
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| October 31, 2008 | Edited by ImportBot | add URIs from original MARC record |
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