Chapter 5 Poverty Traps

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A Century-Long Perspective on Agricultural Development (2010, background): “Simple models of technology choice in the presence of financial market failures thus underpin many poverty trap models (Azariadis and Stachurski 2005; Carter and Barrett 2006).”
Middle-Income Traps: A Conceptual and Empirical Survey (2015, background): “…of technological change removing the assumption of constant returns to scale, and policy, institutional and historical explanations that may result in multiple equilibriums or simply differences across countries (Banerjee and Duflo, 2005; Azariadis and Stachurski, 2005; Parente and Prescott, 2005).”
Persistent poverty and informal credit (2011, background): “Theoretical models in which poverty is a stable dynamic equilibrium suggest two key conditions under which short-term shocks might have longerterm consequences (Azariadis and Stachurski, 2005, Carter and Barrett, 2006).”
Fiscal Redistribution and Income Inequality in Latin America (2008, background): “2 See for example Azariadis and Stachurski (2005).”
Do subsidies to private capital boost firms' growth? A multiple regression discontinuity design approach (2014, background): “Consequently, L488 could represent a way to move the Mezzogiorno's economy out of the “poverty trap” (see Azariadis and Stachurski, 2005), by increasing productive efficiency and social welfare.4 The paper has been organised as follows: the next section summarises the literature and presents the…”