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One of the most striking features of the world economy is that wealthy countries are clustered together. This paper theoretically and empirically explains a mechanism for this clustering by extending the Acemoglu and Ventura model so that it takes real geography into account. Countries close to...
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Endogenous, ideas-led growth theory and the literature on agent-based modeling with neighborhood effects are crossed …
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Endogenous, ideas-led growth theory and the literature on agent-based modeling with neighborhood effects are crossed …
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