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Consider the model from Murphy, Shleifer and Vishny (1989). If multiple equilibria do exist in the world, what is the logic for a development policymaker
Consider the model from Murphy, Shleifer and Vishny (1989). If multiple equilibria do exist in the world, what is the logic for a development policymaker engaging in a "big push"? First define big push and then explain the arguments for and against (assuming multiple equilibria
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Economics Today
Authors: Roger LeRoy Miller
16th edition
132554615, 978-0132554619
