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This paper analyzes how interacting financial development with initial income, macroeconomic volatility and policy variables, can improve our understanding of convergence and divergence across countries, and also restore the significance of correlations between growth and volatility and...
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This paper analyzes how interacting financial development with initial income, macroeconomic volatility and policy variables, can improve our understanding of convergence and divergence across countries, and also restore the significance of correlations between growth and volatility and...
Persistent link: https://www.econbiz.de/10013088103
macroeconomic theory, it focuses on the rates at which new technologies arise and information about markets is dispersed …
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