The magnification of a lagging region’s initial economic disadvantages on the balanced growth path
We analyze aspects of long-run economic growth in stylized lagging and leading regions. Both regions use physical capital, research and development (R&D), and knowledgeable workers to produce a final consumption good. The lagging region faces two key economic disadvantages. Specifically, the con...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Springer Science and Business Media B.V.
2019
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |