Abstract
This paper extends results of Beine et al. (2001) by introducing fixed costs and analyzes the growth rate on transition path. Through the analysis of transition path, we demonstrate the existence of BBDI. In addition, we show that the existence of opportunity to migrate might exert an opposite influence on the long run growth rate and the transitional growth rate.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Paper version not known
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
