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endogenize the demand and supply of skills. We explicitly introduce the costs and externalities in education, and examine how …
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is not driving this relationship. Furthermore, theory and evidence imply that better developed financial systems ease …
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Military expenditure in developing countries raises complex questions regarding growth, development, security and governance. This chapter provides an analytical survey of the effects and causes of defense spending in developing economies. Using stylized facts, theoretical models and empirical...
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