Do Poverty Traps Exist? Assessing the Evidence
A "poverty trap" can be understood as a set of self-reinforcing mechanisms whereby countries start poor and remain poor: poverty begets poverty, so that current poverty is itself a direct cause of poverty in the future. The idea of a poverty trap has this striking implication for policy: m...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | en_US |
| Published: |
American Economic Association
2014
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/20540 |