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development around the world today (La Porta et al, 1998, 1999 and passim). This paper examines the persistence of the effects of … variation observed in financial development around the world today is likely a product of events of the twentieth century rather …
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"Although institutions are believed to be key determinants of economic performance, there is limited evidence on how they can be successfully reformed. The most popular strategy to improve local institutions in developing countries is "community driven development" (CDD). This paper estimates...
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