Hausmann, Ricardo (contributor); Rodrik, Dani (contributor); … - 2008
industry – of which the government
has little ex-ante knowledge.
In reality, missing public inputs are a form of … governance, corruption, and lousy
macroeconomic management, but we think the latter are inadequate to explain slow
growth in …
that led to displacement away from particular lines of business. The private sector thus
acquires knowledge that is …