The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Economic Growth Non-linearities

  • Chih Ming Tan
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2609

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.

Keywords

Balanced growth Conditional convergence Convergence Convergence clubs Demographic transition Diffusion of technology Economic development Economic growth nonlinearities Increasing returns Industrialization Market size Multiple-growth regimes Neoclassical growth theory Neoclassical production function Nonconvexity Poverty traps Spillover effects Stages of theory of growth Strategic complementarities Structural change Take-off Technological progress 

JEL Classifications

O4 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Chih Ming Tan
    • 1
  1. 1.