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Development and growth are products of the interplay and interaction amongheterogeneous actors operating in specific institutional settings. There is a much alluded-to,but under-investigated, link between economic growth, innovation systems, and institutions.There is widespread agreement among...
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This paper analyzes Bolivia's long-term economic growth between 1950 and 2015, identifying its proximate causes through a growth accounting exercise, which considers the direct and indirect effects of Total Factor Productivity (TFP) on GDP per worker. The novelty is that the measurement of TFP...
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