Poverty trap, boom and bust periods and growth. A nonlinear model for non-developed and developing countries

On the Effect of Labour Productivity on Growth: Endogenous Fluctuations and Complex Dynamics

“…Moreover, up to three fixed points may exist (see Figure 1(b)). Notice that the number of fixed points is in agreement with that obtained by Brianzoni et al [8] and Grassetti et al [21] considering different types of VES production functions, but, whereas in previous works the condition ≥ was required, in this case multiple equilibria may exist even if workers save more than shareholders.…”

“…Notice that the ES may be negative. Production functions with negative ES between inputs can be found in literature (see, among all, Prywas [18], Thompson and Taylor [19], Jurgen [20], and Grassetti et al [21]). The work of Paterson [22] suggests that such eventuality occurs when production inputs are complementary.…”

Free to escape? Economic freedoms, growth and poverty traps

“…Therefore, traps exist in the form of slow growth, which widens the difference between low-income slowly growing countries and the faster-growing countries. Grassetti et al (2018) indeed depict a more complex scenario, showing that the theoretical model may have multiple equilibria, some corresponding to poverty traps, others to takeoff and boom.…”

Introducing experiences from African pastoralist communities to cope with climate change risks, hazards and extremes: Fostering poverty reduction

“…Such concerns show that livelihoods, the physical environment, and social institutions are the most adversely affected by climate and environmental changes. Together with other variables, these elements form the basis of a "poverty trap" (Grassetti et al 2018;Paumgarten et al 2018;Lin et al 2018), outlined in Figure 2 and here defined as conditions which limit access to resources and hence perpetuate poverty.…”