In addition, incremental capital-output
will decline, while better adjustment to external shocks can be reached (see Balassa, 1980;
Bhagwati, 1988; Donges, 1976; Little, et al., 1970).
In addition, incremental capital-outputwill decline, while better adjustment to external shocks can be reached (see Balassa, 1980;Bhagwati, 1988; Donges, 1976; Little, et al., 1970).
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