Toward a Microeconomics of Growth.
What drives growth at the microeconomic level? Burgess and Venables divide the factors that determine a location's growth performance into two groups, '1st advantage' and '2nd advantage.' The term 1st advantage refers to the conditions that provide the environment in which n...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
World Bank
2004
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