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The volatility of unanticipated output growth in income per capita is detrimental to long-run development, controlling for initial income per capita, population growth, human capital, investment, openness and natural resource dependence. This effect is significant and robust over a wide range of...
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Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the location of new foreign subsidiaries. In fact, the impact of...
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significant negative effect on income per capita, especially in countries with bad rule of law or bad policies, but these results … natural capital) has a significant negative effect on income per capita even after controlling for geography, rule of law and … openness. These results are robust to using alternative measures of institutional quality (expropriation and corruption instead …
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exports are no longer significant while the value of subsoil assets has a significant positive effect on growth. But the World …
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