in terms of high investment in physical infrastructure and human capital compensated for the costs in allocative …, from infrastructure and human capital than they suffered from weak market incentives. For initially relatively rich … countries the opposite is true. Second, using various measures of physical stocks of infrastructure and human capital we show …

in terms of high investment in physical infrastructure and human capital compensated for the costs in allocative …, from infrastructure and human capital than they suffered from weak market incentives. For initially relatively rich … countries the opposite is true. Second, using various measures of physical stocks of infrastructure and human capital we show …

in terms of high investment in physical infrastructure and human capital compensated for the costs in allocative …, from infrastructure and human capital than they suffered from weak market incentives. For initially relatively rich … countries the opposite is true. Second, using various measures of physical stocks of infrastructure and human capital we show …

faced and their business environment. The business environment includes physical infrastructure, the availability of an …