2. a) What are the policy assumptions and implications of utilizing the income elasticity of demand for

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a) What are the policy assumptions and implications of utilizing the income elasticity of demand for imports (lED) as a measure of economic progress (as suggested, for example, in Simpson, 2002)?

b) If developed countries are those with less levels of country risk, elucidate how lED and country risk are correlated.

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Development Finance

ISBN: 9783642072772

1st Edition

Authors: P.K. Rao

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Question Posted: Oct 23, 2024 08:03 AM

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2. a) What are the policy assumptions and implications of utilizing the income elasticity of demand for

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Development Finance

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