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by wisty
4855 days ago
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From what I've heard, those regressions aren't totally valid. It can simply be that poor countries grow faster (leapfrogging on the research of rich countries), but don't fund a lot of public R&D. Once the regression hits a dead end (as it doesn't distinguish the causal factors), we jump straight to anecdotes - the Industrial Revolution, and the USA. Both of these are probably outliers. |
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