THE ROAD NOT TAKEN: WHAT IS THE “APPROPRIATE” PATH TO DEVELOPMENT WHEN GROWTH IS UNBALANCED?
نویسندگان
چکیده
منابع مشابه
The Road Not Taken - What Is The “Appropriate” Path to Development When Growth is Unbalanced?
This paper develops a model that endogenizes both directed technologies and demography. Potential innovators decide which technologies to develop after considering available factors of production, and individuals decide the quality and quantity of their children after considering available technologies. This interaction allows us to evaluate potentially divergent development paths. We find that...
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متن کاملThe road not taken.
The Road Not Taken Two roads diverged in a yellow wood, And sorry I could not travel both And be one traveler, long I stood And looked down one as far as I could To where it bent in the undergrowth; Then took the other, as just as fair, And having perhaps the better claim, Because it was grassy and wanted wear; Though as for that, the passing there Had worn them really about the same, And both ...
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ژورنال
عنوان ژورنال: Macroeconomic Dynamics
سال: 2013
ISSN: 1365-1005,1469-8056
DOI: 10.1017/s1365100511000654