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negative effect of rents, measured by the mark-up ratio, on productivity growth. The negative effect is strongest in poor …-up in manufacturing is a strong negative predictor of future economic growth, indicating that we may be measuring a …
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"Several studies link modern economic performance to institutions transplanted by European colonizers and here we extend this line of research to Asia. Japan imposed its system of well-defined property rights in land on some of its Asian colonies, including Korea, Taiwan and Palau. In 1939 Japan...
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