in The Review of Economic Studies
April 2009; p ublished online April 2009 .
Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Microeconomics; Analysis of Collective Decision-making. 12930 words.
Poor countries have lower PPP-adjusted investment rates and face higher relative prices of investment goods. It has been suggested that this happens either because these countries have a...
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