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. Firms import intermediate inputs from home or foreign suppliers, but with higher costs in the latter case. Due to fixed … the model with newly-compiled monthly aggregate U.S. import data and industrial production data going back to 1962, and …
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Economists have had much to say about the impact of economic policies on growth, but little on their distributional consequences and poverty impact. The reorientation of development policy from structural adjustment to poverty reduction as the central objective thus called for new tools to...
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