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corruption to consider problems related to sustainable growth. In many growth models that incorporate the environment, it is … that the government implements appropriate policies might be overly optimistic. Bribes, political donations, and corruption …). Corruption relaxes environmental standards, lowers the long-run growth rate, and might cause economic stagnation. The long …
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Most growth theorists agree that understanding the economics of innovation and technological change is central to understanding why some countries are richer and/or grow faster than other countries. The driving force behind recent developments in endogenous innovation models of growth is a...
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