economic growth nonlinearities

Chih Ming Tan
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

Nonlinearities in growth have important implications for cross-country income inequality. In particular, they imply that countries may spend long periods of time in a low-growth poverty trap. However, finding evidence of such nonlinearities in the data and accounting for their emergence pose unique challenges to researchers.
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How to cite this article

Tan, Chih Ming. "economic growth nonlinearities." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 24 April 2017 <http://www.dictionaryofeconomics.com/article?id=pde2008_E000270> doi:10.1057/9780230226203.0435

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