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"This paper asks whether new technological capacity for producing and exporting additional products provides incentives for greater capital accumulation, without being fully reflected in a higher rate of total factor productivity (TFP) growth. Using a highly disaggregated data set of each...
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currently. The authors also derive a more general rule for sustainability--maintain positive constant genuine investment …
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"In contrast with a growing literature on the drivers of aggregate volatility in developing countries, its consequences … aggregate volatility has a regressive, asymmetric, and non linear impact, as reflected in the strong influence of extreme output …
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, and can surge at times of currency speculation. Heightened interest rate and exchange rate volatility pose practical risk … through the equity markets have not been the major contributor to increased international sources of volatility. In addition …
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