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results show that income, factor endowment, and policy independence are important to explain regional asymmetries between …
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for its 22 major regions. The paper argues that regional income differentials were significantly larger, that intra …
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revenues. However, specific tax rates (which at that time were the norm) implied that the state’s real income would fall in …
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reach the levels of income enjoyed by the richest nations.[...] …
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decade. Galor identified three forms of long run percapita income convergence: absolute convergence, whereby convergence …
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As part of an endeavour to explain the divergence in incomes per capita between North and South America new institutional economics (NIE) and economic history have attempted in recent years to realize the potential effort for illumination derivable from comparisons of the heritage of their...
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