Flying or trapped?

• DOI: 10.1007/s00199-021-01402-4
• Publication Date: 2022-01-30T00:03:06Z
• Authors: Yunfang Hu; Takuma Kunieda; Kazuo Nishimura; Ping Wang
• Keywords: 0502 economics and business; 05 social sciences; 1. No poverty

We develop a unified theory with endogenous technology choice in human/knowledge capital accumulation to establish a rich array of equilibrium development paradigms, including poverty trap, middle income trap and flying