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market potential exhibits an upward trend across all regions of the world from the early 1930s and that this trend … significantly deviates from the evolution of world GDP. Finally, using exogenous variation in trade-related distances to world …
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While the direct impact of geographic endowments on prosperity is present in all countries, in former colonies, geography has also affected colonization policies and, therefore, institutional outcomes. Using non-colonized countries as a control group, I re-examine the theories put forward by La...
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