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control the cash flows of a firm plays an important role in the technology adoption decision. Can such a theory help to …
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Classic Big Push industrialization envisions state planners coordinating economic activity to internalize a range of externalities that otherwise lock in a low-income equilibrium, but runs afoul of well-known government failure problems. Successful Big Push coordination may occur instead when a...
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the world than many developing countries. A noteworthy feature of this theory is that financial and property rights …
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