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The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in economic research in the past 20 years. The positive or negative growth effects of a countryś regulatory framework are amplified by economic integration, which makes factors...
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in basic research. We find that the closer the country is to the world’s technological frontier the more the government … should invest in basic research. Basic-research expenditures are increasing with a country’s degree of openness as long as …
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