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In this chapter, we discuss whether or not governance is an important source of variation in development experiences. We draw four main conclusions. First, governance is best thought of a subset of institutions and as such emphasis on governance is consistent with much recent academic work....
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neutrality vis-a-vis trade, FDI and resource allocation across industries. Are developing countries justified in imposing tariffs … relationship between trade and FDI and growth. In this review we find no support for hard interventions that distort prices to deal …
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We estimate the respective contributions of institutions, geography, and trade in determining income levels around the … world, using recently developed instruments for institutions and trade. Our results indicate that the quality of … institutions are controlled for, trade is almost always insignificant, and often enters the income equation with the 'wrong' (i …
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