if it were possible to generate economic and social Development with money transfers and imported institutions numerous regions of the united states would look very different today
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thats it thats the blackpill
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if a development economist is running an rct you qualify for your not gonna make it
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Replying to @eigenrobot
Now that’s a spicy opinion. But isn’t that the premise of the original Solow paper tho? That differences in the capital stock alone cannot explain output differences. I’m pretty sure I read another paper that argued against transfer payments on that basis
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Replying to @costa11235
its a good argument
think most ppl will miss how dark this is but just god damn nearly a century of massive internal federal transfers and just nothing2 replies 0 retweets 6 likes -
Replying to @eigenrobot
I mean, u have a point and u don’t have a point at the same time. It’s complicated, but I’m not sure if I can say anything conclusively. Cities/ agglomerations don’t depend on natural resources for output unlike rural areas
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Replying to @costa11235 @eigenrobot
But Germany’s south fairly rural by European standards, suburban by American ones did. quote successfully transform thanks to, among other things, transfer payments And the feds are also brute forcing East Germany to develop 2.5T€ and counting. And it works kinda
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In some ways that makes the broader story even darker
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