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This paper focuses on comparisons of productivity, (unit) labor cost and industrylevel competitiveness for the manufacturing sector of China and India. We first provide a comparison between India and China using a broad international perspective. We find that China has increased its labor...
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We study a quality-ladder model of endogenous growth that produces stochastic leadership cycles. Over a cycle, industry leaders can innovate several successive times in the same industry, gradually increasing the magnitude of their technological lead before being replaced by a new entrant....
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political competition always leads to greater financial development. Our results are robust to a range of estimation techniques …This paper examines the relationship between political competition and financial development across a global sample of … of Acemoglu and Robinson (2006) and Besley et al. (2010), we explore whether political competition impacts financial …
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