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This paper explores alternative explanations of why it is that the growth rates and income levels of various countries have not converged very fast -- if at all. The paper focuses on multiple social equilibrium; circumstances under which some societies may be characterized by high levels of...
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overall trade is not the most appropriate measure for technology diffusion as a source of productivity growth and propose to … for technology trade, as there is a positive and significant linkage between technology imports and income levels. This … outcome is robust to various model specifications, including an instrumental variable approach. -- Growth ; Technology …
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