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Fractal Poverty Traps

The dynamic model for poverty traps contains parameters as government policies and technologies, and variables such as income, expenditures, assets holdings and anthropometric status. This dynamic model for poverty traps offers a new perspective by showing the existence of multiple stable equilibria, which implies that there's one unstable dynamic equilibria. At this unstable equilibria, any little shock in the system will cause a switch to state equilibrium. Different to the standard economic...
29 Nov 2017