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since the 1960s, is consistent with the idea that making the transition from a low-investment economy to a high …-investment economy requires a hands-on government …
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since the 1960s, is consistent with the idea that making the transition from a low-investment economy to a high …-investment economy requires a hands-on government …
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Unlike most cross-country growth analyses, we focus on turning points in growth performance. We look for instances of rapid acceleration in economic growth that are sustained for at least eight years and identify more than 80 such episodes since the 1950s. Growth accelerations tend to be...
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