Some Stylized Facts
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چکیده
There are substantial differences between the economies of a Developed Country (DC) and a developing country, more aptly referred to as a Growing Less Developed Country (GDLC). An interesting question in the realm of macroeconomics iswhy the difference occurs between these two types of economies. Which are the features that set a typical DC apart from a typical GLDC? Here, our contention is that several of these differences in their economies are primarily caused by differential inflation rates experienced and expected.
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تاریخ انتشار 2005