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A combination of higher oil production as well as higher oil prices is creating oil revenue windfalls for some Sub Saharan African countries. If well managed, these revenues have the potential to reduce poverty and bridge the development gap; if not they could lead to Dutch disease and an...
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We develop an integrated, general equilibrium, model of how the presence of vertical ties of ‘community’ between sections of workers and sections of capitalists can critically affect the distribution of income between capitalists as a class and workers as a class, as well as between workers...
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