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Natural Resources and Economic Growth: From Dependence to Diversification
Gylfason, Thorvaldur - C.E.P.R. Discussion Papers - 2004
This Paper reviews the relationship between natural resource dependence and economic growth, and stresses how natural capital intensity tends to crowd out foreign capital, social capital, human capital, physical capital, and financial capital, thereby impeding economic growth across countries....
Persistent link: https://www.econbiz.de/10005504445
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Structural Reforms and Regional Convergence
Che, Natasha Xingyuan; Spilimbergo, Antonio - C.E.P.R. Discussion Papers - 2012
Which structural reforms affect the speed the regional convergence within a country? We found that domestic financial … regional convergence. However, these reforms have mixed effects on the growth of regions closer to the country’s development … speeding up regional convergence increases national income. We also present a theoretical model to discuss these results. …
Persistent link: https://www.econbiz.de/10011084335