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Good Policy or Good Luck? Country Growth Performance and Temporary Shocks

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NBER1993-09-01 更新2025-01-04 收录
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Much of the new growth literature stresses country characteristics, such as education levels or political stability, as the dominant determinant of growth. However, growth rates are highly unstable over time, with a correlation across decades of.1 to.3, while country characteristics are stable, with

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1993-09-01
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