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I&P > Poverty Traps > Flashcards

Poverty Traps Flashcards

1
Q

what are Ghatak (2015) two views on poverty traps?

A
  1. Friction driven poverty traps

2. Scarcity driven poverty traps

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2
Q

What is the equation of the line if capital markets work perfectly?

A

Kt+1=S(Pi + rKt)

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3
Q

What is the capital accumulation equation with frictions

A

Kt+1=SAf(Kt)

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4
Q

What is the equation of the work-capacity curve

A

Yt=F(g(Yt-a))

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