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When local cost discovery generates knowledge spillovers, specialization patterns become partly indeterminate and the mix of goods that a country produces may have important implications for economic growth. We demonstrate this proposition formally and adduce some empirical support for it. We...
Persistent link: https://www.econbiz.de/10012733839
continue to pose an important constraint on the world economy. In reality, lack of openness is no longer the binding constraint …
Persistent link: https://www.econbiz.de/10012709276