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reduce world output by almost 7% and account for nearly half of the observed cross-country differences in capital stock per …
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It has sometimes been argued that "globalization" benefits only a small number of countries, and that this leads to greater marginalization of excluded countries. This paper argues that globalization is not necessarily biased towards greater concentration in international trade and investment...
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and other earning assets to improve banks' stability. Finally, our findings demonstrate that a less concentrated market …
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