Document Type

Working Paper

Journal/Book Title/Conference

Economics Letters

Volume

86

Article

1043

Issue

3

Pages

317-321

Publication Date

3-2004

Department or Program

Economics Department

Abstract

Using a continuous state space approach, this note extends Feyrer's [2003] study of the proximate determinants of the shape of the long-run distribution of income per capita. Contrary to Feyrer's finding of the primacy of TFP, the results here imply that traps in both TFP growth and capital accumulation may matter.

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