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The paper presents a model of social and economic development which relaxes some of the assumptions made in existing papers on the determinants of growth. In particular, the model allows for multidirectional causality between social and economic indicators. The model indicates that there are...
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In line with rapid world economic growth, globalization has led to a decrease in global income inequality, according to the World Bank. However, in some contexts, income disparity continues to rise, proving that a variety of factors can determine wealth and income across different countries and...
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. General equilibrium theory meets network theory and receives a breath of fresh air, including a new viewpoint on economic … failings. Suitable reading for advanced undergraduate, MSc and postgraduate students in microeconomic analysis, economic theory … taught in the USA and the Netherlands. His research focuses on the economic theory of the social division of labour …
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reading for advanced undergraduate, MSc and postgraduate students in microeconomic analysis, economic theory and political …
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"This book brings together a number of previously published articles by Stanley L. Engerman and Kenneth L. Sokoloff. Its essays deal with differences in the rates of economic growth in Latin American and mainland North America, specifically the United States and Canada. It demonstrates how...
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