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examine the poverty trap theory from the perspective of structural and institutional analysis, and establish an operational … definition for a country to escape from poverty trap. We identify countries escaping from poverty trap and discuss their patterns …. We praise the theory of North (1990). Incremental change and evolution of institutions is the key for a country to grow …
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The aim of this study is to investigate how network effects affect the quality and price decisions of firms in a vertically differentiated market. As network effects increase, high-quality producers tend to raise quality while low-quality producers lower it. The degree of product differentiation...
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