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In a world where poor countries provide weak protection for intellectual property rights, market integration shifts … same time, integration with countries where intellectual property rights are weakly protected can slow down the world …
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We analyze some macroeconomic implications that follow from the fact that people tend to consume higher-quality goods as their incomes rise. The model involves two sectors: one producing a homogeneous good and the other producing a product with variable levels of quality. Both sectors use...
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