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work. we find that a high level of urbanization magnifies the investment reduction in response to an external shock. This … determinant of the private investment response. We look at a simple model of political-economic equilibrium to make this intuition … find that ambiguities abound: domestic politics can magnify or dampen the effect of the external shock. In our empirical …
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work. we find that a high level of urbanization magnifies the investment reduction in response to an external shock. This … determinant of the private investment response. We look at a simple model of political-economic equilibrium to make this intuition … find that ambiguities abound: domestic politics can magnify or dampen the effect of the external shock. In our empirical …
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This paper argues that domestic social conflicts are a key to understanding why growth rates lack persistence and why so many countries have experienced a growth collapse after the mid-1970s. It emphasizes conflicts interact with external shocks on the one hand, and the domestic institutions of...
Persistent link: https://www.econbiz.de/10012472466
This paper argues that domestic social conflicts are a key to understanding why growth rates lack persistence and why so many countries have experienced a growth collapse after the mid-1970s. It emphasizes conflicts interact with external shocks on the one hand, and the domestic institutions of...
Persistent link: https://www.econbiz.de/10013322113
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