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Growth Diagnostics in Economic Development by alex junior is a document available to read on EtoBox.
What is Growth Diagnostics in Economic Development about?
The document discusses issues with using linear growth regression models to study economic development across countries. It presents an analogy of designing growth strategies as trying to reach the peak of a mountain covered in clouds without a clear map. It describes an alternative approach proposed by Hausmann, Rodrik, and Velasco that relies on exploiting local information rather than global information to infer direction and make progress when a reliable map is unavailable.
- Author
- alex junior
- Language
- EN