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We propose a model consistent with two observations. First, the tax rates adopted by different countries are generally uncorrelated with their growth performance. Second, countries that drastically reduce private incentives to invest, severely hurt their growth performance. In our model, the...
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This book investigates the relation between investment, R&D, and long-run growth. Its first part surveys the literature … economic growth as being driven by the complementary processes of physical capital investment and R&D activity, rather than by … of this study acquires a fundamental understanding of the relation between investment, R&D, and long-run growth. Thus …
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In this paper, we examine the causal relationship between aid inflows and economic growth for Ghana during the period from 1970 - 2013, taking into account structural breaks. To better reflect causality, corruption and trade are included as control variables. To test for causality in the face of...
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