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Analysis of a panel data set for 1976-98 shows that on balance stock markets and banks positively influence economic growth; findings that do not result from biases induced by simultaneity, omitted variables, or unobserved country-specific effects
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tends to be limited. Competition is the single most important factor toward auction efficiency and anti-corruption. However … price for quality. "--World Bank web site …
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competition and innovation, or that they are more sensitive to foreign presence. "--World Bank web site …
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, the dynamic version of the "natural trading partners" hypothesis holds for these countries. "--World Bank web site …
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