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The dominant role played by the state in the financing, regulation, and provision of primary and secondary education reflects the widely-held belief that education is necessary for personal and societal well-being. The economic organization of education depends on political as well as market...
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One of the most striking features of the world economy is that wealthy countries are clustered together. This paper theoretically and empirically explains a mechanism for this clustering by extending the Acemoglu and Ventura model so that it takes real geography into account. Countries close to...
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Research suggests that there are neighborhood effects in the form of correlations between countries' growth and that of … of large asymmetries, with the correlation the decline in neighborhood per capita GDP far exceeding that for increases in … neighborhood per capita GDP …
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Endogenous, ideas-led growth theory and the literature on agent-based modeling with neighborhood effects are crossed …. In an economic overlapping generations framework, it is shown how social interactions and neighborhood effects are of … prospects of an economy. Neighborhood effects interact with the initial distribution of skilled agents across space and play a …
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