Read 34+ pages long run causes of comparative development answer in Doc format. Factor accumulation and innovation are only proximate causes of growth. Institutions to the level of Chile could in the long run lead to as much as a 7-fold increase in Nigerias income in practice Chile is. The underlying causes that have allowed some countries to attain high income levels and have kept others at lower echelons have been debated at least since Adam Smith published his seminal work on the growth of nations. Read also causes and long run causes of comparative development Some argue that geographical differences are dominant in explaining long-run patterns of development.
This paper present a schematic framework for the interpretation of some influential recent contributions to the study of the majo long-run causes of comparative development. They are growth italics in original.

Assignment C 4 2 Mouse Geics 1 Trait Geics Assignments Inherited Traits 30Finally it is worth observing that our empirical findings have important implications for alterative theories of comparative development.
| Topic: 24This paper present a schematic framework for the interpretation of some influential recent contributions to the study of the majo long-run causes of comparative development. Assignment C 4 2 Mouse Geics 1 Trait Geics Assignments Inherited Traits Long Run Causes Of Comparative Development |
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10the main cause of variation in institutions.

The long-run economic growth is determined by short-run economic decisions. Changes in this long-run inflation rate do not affect the full-employment output level or the long-run relative. The long-run growth is determined by percentage of change in the real gross domestic product GDP. In order for an economy to experience positive long-run growth its outputs and inputs must be in balance for an increase to occur in supply demand revenue and employment. The major emphasis is placed on what has been learned recently about the role of institutions in relation to other factors through the use of centuries rather than decades of data. 9long-run causes of comparative development.

On Top Selling Ib Economics Resources Long-Run Causes of Comparative Development Physical geography o Some say that this has little impact on development though landlocked status is certainly an impediment to growth Institutional quality - colonial and post-colonial Institutions have been defined as the rules of the game of economic development by Nobel laureate Douglass North o Unfavourable institutions.
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