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The role played by qualitative change in economic development is examined and a model is proposed in which changes in the composition of the economic system are generated by the evolution of the system itself.This model of economic development is driven by the creation of new industrial sectors....
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One of the most outstanding features of the trend toward globalization has been the increased importance of foreign direct investment (FDI) flows around the world. This study estimates the determinant of FDI flows using the gravity equation, controlling for the importance of both the traditional...
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