Caselli, Mauro - Centre for the Study of African Economies (CSAE), … - 2008
they are only visible in the very long run, as suggested by Wood and Ridao-Cano (1999).
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reform could affect growth, but … around 60% of episodes of economic
reform, including trade reform, occur in the aftermath of a domestic political or
27 …
economic crisis. This would imply that pre-reform growth could be depressed due
to other factors, biasing our estimates upwards …