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In developing countries, informal firms (those that are not registered with the government) account for about half of all economic activity. We consider three broad views of the role of such firms in economic development. According to the romantic view, these firms would become the engine of...
Persistent link: https://www.econbiz.de/10013138466
In developing countries, informal firms (those that are not registered with the government) account for about half of all economic activity. We consider three broad views of the role of such firms in economic development. According to the romantic view, these firms would become the engine of...
Persistent link: https://www.econbiz.de/10012720126
In developing countries, informal firms (those that are not registered with the government) account for about half of all economic activity. We consider three broad views of the role of such firms in economic development. According to the romantic view, these firms would become the engine of...
Persistent link: https://www.econbiz.de/10012464127
productivity in the modern sector through the Kaldor-Verdoorn channel and higher effective demand through a Keynesian channel. The … model incorporates a retardation mechanism affecting the slopes of productivity and output growth schedules as labour … employment and adequate output and productivity growth …
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energy productivity growth. We draw on the Solow growth model to build a benchmark exogenous framework to explore the basic … growth rates of energy productivity are the same across countries in the balanced growth path equilibrium, but the cross … levels of energy productivity. The economy that has a stronger capacity of assimilating foreign technology diffusion and …
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