Oh this is really interesting. It seems convergence between rich and poor nations is happening despite the lack of good institutions in the poor nations.
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Everything you know about cross-country convergence is (now) wrong.
cgdev.org/blog/everythin
In which @dev_a_patel, @arvindsubraman, and I take issue with a new JEL review that seems to ignore the last quarter-century of economic growth.
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