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Externalities play a central role in most theories of economic growth. We argue that international externalities, in … particular, are essential for explaining a number of empirical regularities about growth and development. Foremost among these is … that many countries appear to share a common long run growth rate despite persistently different rates of investment in …
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Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind … the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic … to the effect of FDI on growth is ambiguous. By applying the approach of Ben-David (1996), which focuses on convergence …
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A method for analyzing productivity convergence based on frontier production functions is proposed. It is examined whether departures from the frontier - country-level inefficiencies - exhibit long-run relationships and convergence. The method is applied to 1-digit industries of 14 OECD...
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broadly perceived as tools facilitating economic growth and development, especially in economically backward countries. They … communication technologies (ICTs) adoption and dynamics of economic growth and development in Latin American countries. Preliminary … aim to detect: if there is any quantitative relationship between ICTs adoption dynamics and economic growth and …
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