Week 2 Flashcards
(8 cards)
1
Q
How can we explain this mixed evidence concerning convergence?
A
2
Q
Conditional convergence
A
3
Q
The Lucas Puzzle
A
4
Q
An answer to the Lucas Puzzle?
A
5
Q
Two main aspects to TFP (Total Factor Productivity)
A
6
Q
Voracity effect
A
raw materials subverts institutions and leads to rent seeking (including civil conflict)
7
Q
Dutch disease
A
Due to high level of exports see sharp increase in real exchange rate which crowds out other sectors’ exports.
8
Q
A
