Question: Consider two countries which we'll call X and Y. Say that (A^ X / A^ Y ) = 2 and that country X is 20

Consider two countries which we'll call X and Y. Say that (A^^X/ A^^Y) = 2 and that country X is 20 years ahead technologically of Y and that technology grows at 1.1% a year. What dominates the productivity differences - technology or institutions

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