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Grow faster than countries with higher income

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The catch-up effect signifies that countries with low income can grow faster than countries with higher income. However, in statistical studies that include many diverse countries, we do not observe the catch-up-effect unless we control for other variables that affect productivity. Considering the determinants of productivity, demonstrate what would tend to prohibit or limit a poor country's ability to catch up with the rich ones.

Reference no: EM132506511

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