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Liberalization, endogenous institutions, and growth : a comparative analysis of agricultural reforms in Africa, Asia, and Europe (Английский)

Thirty years ago, a vast share of low-and middle-income countries was heavily state controlled. The liberalizations of the 1980s and 1990s had greatly different effects on growth in countries in Africa, Asia, and Europe. A comparative framework is used to document these differences, and a model is developed to formally analyze how liberalization affects production and income distribution when the institutions that govern production and exchange are...
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