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Over the last decade, Ecuador experienced inclusive growth fueled by a favorable external environment that financed a vast expansion of the public sector. The country is now facing severe external and fiscal challenges due to the significant extended fall in oil prices and the appreciation of...
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In this work we analyze the relationship between the patterns of firm diversification, if any, across product lines and … scope, their relationships, the size-scaling and coherence properties of diversification itself. Our analysis shows that … technologies increase log-linearly with firm size. And the directions of diversification themselves display coherence between …
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