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, the effects of a globalization shock modelled as the entry of newly industrializing countries into the trading world on …
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In this paper, we develop a multi-country open economy extension of the famous Big Push model for a closed economy by Murphy et al. (1989). We show under which conditions the global economy in our model is caught in a poverty trap, characterised by a low-income equilibrium from which an escape...
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, the effects of a globalization shock modelled as the entry of newly industrializing countries into the trading world on …
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