Vassar College Digital Library
Abstract
Using a continuous state space approach, this note extends Feyrer's [2003] study of the proximate determinants of the shape of the long-run distribution of income per capita. Contrary to Feyrer's finding of the primacy of TFP, the results here imply that traps in both TFP growth and capital accumulation may matter.
Details
Department or Program
Document Type
Issue Number
3
Page Numbers
317-321
Paper Number
54
Peer Reviewed
Reviewed
Publication Date
2005-03-01
Source Publication
Volume Number
86
English
Repository Collection
Document Type