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Theoretic growth models and microeconomic evidence suggest that human capital accumulation is an important determinant of per capita income growth. However, early macroeconomic studies found a weak relationship between growth and human capital accumulation. While recent studies addressing...
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In this reply we offer a response to the Mercer and Reed (2015) replication of Toya and Skidmore (2007). The replication study extends the original work in several important dimensions and is a very useful contribution. Nevertheless, we offer additional evaluation and discussion of the...
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type="main" <title type="main">Summary</title> <p>In this article we investigate the relationship between disasters and societal trust. A growing body research suggests that factors such as income inequality, ethnic fractionalization and religious heritage are important determinants of social capital in general and trust in...</p>
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In recent years, many developing countries have sought to implement more decentralized governmental systems. Despite efforts toward fiscal federalism, assessment of decentralization activity has been hampered by lack of consistent cross-country measures of effectiveness. Since governments play a...
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