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The contending fundamental determinants of growth -- institutions, geography and culture --exhibit far more persistence than do the growth rates they are supposed to explain. So, what exogenous shocks might account for the variance around those persistent fundamentals? The terms of trade seems...
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The contending fundamental determinants of growth -- institutions, geography and culture --exhibit far more persistence than do the growth rates they are supposed to explain. So, what exogenous shocks might account for the variance around those persistent fundamentals? The terms of trade seems...
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countries gain more from trade? Do world trade booms over the past two centuries help account for the widening gap between rich …, and the answer is yes to all three. World trade booms have always been associated with commodity price booms and thus with …
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