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Keywords: Low-level equilibrium and traps
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Journal Articles
Journal:
Journal of Economic Studies
Journal of Economic Studies (2023) 50 (7): 1375–1398.
Published: 08 December 2022
... No. 2 , pp. 295 - 310 . Nelson , R.A. (1956), “ A theory of the low level equilibrium trap in underdeveloped economies ”, American Economic Review , Vol. 46 , pp. 894 - 908 . Nelson , R.A. and Caputo , M. (1997), “ Price changes, maintenance, and the rate of depreciation...
