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Mathematics, 07.07.2021 14:00 BePaige

The catch-up effect says that low-income countries can grow faster higher income countries. However, in statistical studies covering many countries
differences, we do not observe the catch-up effect unless we control for the
other variables affecting productivity. Consider the factors that determine productivity, list and solve
I like the reasons why a poor country can't keep up with rich countries.

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The catch-up effect says that low-income countries can grow faster higher income countries. However...
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