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I estimate the effect that growth in countries' GDP per capita has on the growth rate of infrastructure. In order to extract exogenous variation in GDP per capita growth, I use the growth of the international oil price multiplied with countries' GDP shares of oil net-exports as an instrumental...
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This paper estimates a panel model in which the relationship between inequality and gross domestic product per capita growth depends on countries' initial incomes. Estimates of the model show that the relationship between inequality and gross domestic product per capita growth is significantly...
Persistent link: https://www.econbiz.de/10011875155