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The literature has identified that countries with higher levels of openness tend to present a larger government sector … as a way to reduce the risks to the economy that openness entails. This paper argues that there are a number of policies … between openness and the size of government might be mediated by the quality of its public sector. While countries with weak …
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The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in economic research in the past 20 years. The positive or negative growth effects of a countryś regulatory framework are amplified by economic integration, which makes factors...
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An extensive empirical literature indicates that, even without formal intellectual property rights, innovators enjoy a variety of first-mover advantages and that `imitation' is itself a costly activity. There is also accumulating evidence that an `open' approach to knowledge production can...
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The theoretical linkages between openness and long-run economic growth are established with the development of new … growth theories. In this literature, it has been shown that openness affects economic growth through a number of channels and … theoretical models on the subject are very sophisticated and provide useful insights into the linkages between openness and growth …
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correlated with the degree of openness of the industry. …
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