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countries. We develop an optimization model anchored in the eclectic theory of international production and show a numerical … eclectic theory and is premised on the notion that risks inherent in the institutional characteristics of a country …
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The main goal of the paper is to show the application of the projection method as a tool for the analysis of transitional dynamics of endogenous growth models, the analysis which is very often omitted in common literature on the topic. The application of the method is demonstrated on an...
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