Question
Consider two countries which we'll call X and Y. Say that (A^ X / A^ Y ) = 2 and that country X is 20
Consider two countries which we'll call X and Y. Say that (A^X / A^Y) = 2 and that country X is 20 years ahead technologically of Y and that technology grows at 1.1% a year. What dominates the productivity differences - technology or institutions
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Managerial Economics Applications, Strategies and Tactics
Authors: James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
13th edition
1285420926, 978-1285962399, 978-1285947853, 1285947851, 978-1285420929
