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Most analysts of the modern Latin American economy hold to a pessimistic belief in historical persistence -- they believe that Latin America has always had very high levels of inequality, suggesting it will be hard for modern social policy to create a more egalitarian society. This paper argues...
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This paper combines development accounting exercises with economic theory to assess the importance of total factor … successful development benchmarks are explained by subpar productivity gains rather than slower factor accumulation. The … empirical analysis of the interplay between productivity and accumulation in the process of development suggests that one …
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We explore the role of social mobility as a driver of economic development by constructing a panel data set that …-regional heterogeneity. Our findings show that increasing social mobility had a significant and robust impact on the development of Latin …
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