Growth in Open Economies
Sergio Rebelo
jan. 1991 · World Bank Publications
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A simple modification of recent growth models eliminates the implausible implication that growth rates should be equalized in the presence of free international capital mobility and is consistent with evidence that points to low rates of savings in low income countries.
A simple modification of recent growth models eliminates the implausible implication that growth rates should be equalized in the presence of free international capital mobility and is consistent with evidence that points to low rates of savings in low income countries.
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