Economic Growth Mysteries
Morten discusses the complexities of economic growth, highlighting a significant finding where an "Africa dummy variable" revealed unique challenges faced by African countries. Despite incorporating numerous variables such as labor force and human capital, many factors influencing growth remain elusive. The conversation suggests that the sheer volume of proposed explanatory variables may indicate a deeper misunderstanding of the underlying mechanisms of economic development.In this clip
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Morten Jerven on African Economic Growth
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