Abstract
We investigate the holographic renormalization group flows and the classical phase transitions that occur in two dimensional QFT model dual to the New Massive 3D Gravity coupled to scalar matter. Specific matter self-interactions generated by quadratic superpotential are considered. The off-critical correspondence determines the exact form of the 's -function and the singular part of the reduced free energy. The corresponding scaling laws and critical exponents characterizing the RG fixed points as well as the values of the mass gaps in the massive phases are obtained.
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