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We present a novel argument demonstrating that when trade is characterized by uncertainty the comparative advantages doctrine is misleading and a positive level of diversification is growth enhancing. Applying a result developed in the mathematical biological literature, we show that, in...
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government with the means necessary to implement its national and sectoral development strategies, in facilitating improvements …
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Tolerance has the potential to affect both economic growth and wellbeing. It is therefore important to discern its determinants. We add to the literature by investigating whether the degree to which economic institutions and policies are market-oriented is related to different measures of...
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and the extent of government employment at three levels: federal, state and local. We find that increases in federal …, state and local government employments are all negatively associated with economic growth. We find no evidence that … government is more efficient at more decentralized levels. While we cannot separate out the productive and redistributive …
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