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resulting from new technology. These risingreturns have meant that the relative earnings of someof the best educated, and thus … indicate that theearnings of low-income and historically disadvantagedworkers rose faster in 1997 and 1998 than those of …
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We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
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China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …
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Rodrik (2016) pointed out that late industrializing countries are experiencing a lower peak at lower income levels in …
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What obstacles prevent the most productive technologies from spreading to less developed economies from the world's technological frontier? In this paper, we seek to shed light on this question by quantifying the geographic and human barriers to the transmission of technologies. We argue that...
Persistent link: https://www.econbiz.de/10013035176