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This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty years. The paper revolves around two key arguments. One is that neoclassical economic analysis is a lot more flexible than its practitioners in the policy domain have generally...
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While it is clear that financial depth and economic diversity are prerequisites for the realisation of growth and development objectives, heterogeneous factors that determines financial development remains imperfectly understood. This ambiguity in the structural relations between varied...
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This paper provides evidence on the moderating effects of institutions on the marginal effects of human capital …, improving the quality of institutions moderates the marginal effect of human capital on FDI inflows. Drawing on these findings …, policymakers in developing countries are advised to undertake a set of reforms to upgrade the quality of institutions, improve …
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