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Market Potential and Global Growth over the Long Twentieth Century

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NBER2016-10-01 更新2025-01-04 收录
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We examine the evolution of market potential and its role in driving economic growth over the long twentieth century. Theoretically, we exploit a structural gravity model to derive a closed-form solution for a widely-used measure of market potential. We are thus able to express market potential as a

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2016-10-01
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