In growth diagnostics, to determine the binding constraint there are many potential clues in economic behaviour. Specifically,

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In growth diagnostics, to determine the binding constraint there are many potential clues in economic behaviour. Specifically, we can expect that people will attempt to bypass the constraint; for example, if the problem is electricity infrastructure you should see businesses investing in generators.

Consider additional examples beyond those raised in the chapter.

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Economic Development

ISBN: 9781292291154

13th Edition

Authors: Michael Todaro, Stephen Smith

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