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Between estimates that exploit cross-sectional variation suggest a positive signi cant e ect of HIV/AIDS on fertility, whereas within estimates that are identi ed of o time-series variation show bo...
This paper theoretically and empirically analyzes the effect of strengthening intellectual property rights in developing countries on the level and composition of industrial development. We develop a ...
A firm can finance investment either by borrowing or by drawing on cash balances,so that financial asset and liability changes tend to have opposite signs. In contrast, financi...
The great promise of surveys in which people report their own level of life satisfaction is that such surveys might provide a straightforward and easily collected measure of individual or national wel...
We examine how entrepreneurship and institutional and policy reforms affect development (proxied by the rate of growth in per–capita inc ome). We do so by performing Arellano - Bond GMM estimations o...
While skepticism about foreign aid used to be the preserve of the political right, it has now spread to some who clearly recognize the moral imperative of the world’s rich to help the world’s poor.

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