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This paper assesses the current state of evidence on the widely debated issue of the impact of trade policy reform on poverty in developing countries. There is relatively little empirical evidence addressing this question directly, but a lot of related evidence concerning specific aspects. This...
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This paper develops endogenous growth models in which the government uses income taxation to finance different types of …
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endogenously generated by the established OTD (Originate-To-Distribute) model within the new finance-growth paradigm. Good finance … virtuous cycle), whereas bad finance captures part of the created wealth and, thanks to a highly technologically advanced … the wealth trap. A VUC index has been developed by us to capture the status quo of the finance-growth relationship. A …
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