Poverty dynamics are at the heart of economic development while in the search for processes that contribute to improving human welfare. But dynamic processes are typically complex, especially under nonlinear dynamics and unanticipated shocks. Under some scenarios, the effects of adverse shocks matter in the short run but dissipate in the long run. 

This presentation is based on the AMA Innovation Lab projects for the Conference on the Economics of Asset Dynamics and Poverty Traps. The goal of this workshop was to bring together empirical researchers with modelers working in the area of economic growth and poverty reduction.

This presentation took place in Washington DC, United States on June 28, 2016, with Jean-Paul Chavas, University of Wisconsin.