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Does trade improve institutions and contribute to long run growth? I develop a theory of trade, in which trade liberalization provides incentive to change institutions in two ways. On the one hand, trade leads to specialization according to comparative advantage, expanding the industries that do...
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; however, the explosion of mobile technology, especially in the last decade, has received much less attention. This study … suggests the magnitude of returns on mobile infrastructure upgrades does not diminish: mobile technology's impact is … technology. …
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