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We examine the importance of total factor productivity (TFP) growth in middle-income countries based on cross …
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productivity from the viewpoint of endogenous growth theory. We then turn to the comparative analysis of FDI inflow to Russia and …
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This paper revisits the role of the manufacturing sector during the middle-income stage. By exploiting a large dataset that covers internationally comparable sectoral information, we prove that the manufacturing sector is imbued with three important characteristics. First, for middle-income...
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