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. The World Values Survey provided a data framework of global value change, whose quantitative results led Barro (2004) to … question is whether "modernization" without "spiritual values" in a globalized world economy and world society possible in the … economic growth in the current world crisis is far more connected with these dimensions. We conclude that not a society based …
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In this article, we examine the effect of the imperfect mobility of goods on international risk sharing and, through that, on the investment in risky projects, welfare and growth. We find that the welfare gain of financial market openness is not monotonic with respect to investors' risk aversion...
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