Keywords: Instrumental variable
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Journal Articles
Journal Articles
Journal Articles
Journal of Economic Studies (2016) 43 (1): 70–89.
Published: 11 January 2016
...) and non-LDCs. Design/methodology/approach – To perform the analysis, the author employs fixed-effects (within) regressions supplemented by instrumental variables technique based on the two-step generalized methods of moments approach. Findings – The author finds empirical evidence...

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