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The recent literature has shown that subjective welfare depends on relative income. Attempts to test this relationship in poor countries have yielded conflicting results, suggesting that the relationship is not universal or only applies above a certain income level. We revisit the issue using...
Persistent link: https://www.econbiz.de/10005792353
competition in market economies. We find evidence of the importance of a minimum of rivalry in both innovation and growth: the …
Persistent link: https://www.econbiz.de/10005067370