Developing countries can achieve higher productivity per unit of capital because they can use technologies developed by other countries. This is known as the: A. increasing returns to capital effect. B. copycat effect. C. catch-up effect. D. productivity effect.
Developing countries can achieve higher productivity per unit of capital because they can use technologies developed by other countries. This is known as the: A. increasing returns to capital effect. B. copycat effect. C. catch-up effect. D. productivity effect.
Chapter16: Country Risk Analysis
Section: Chapter Questions
Problem 6QA
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Developing countries can achieve higher productivity per unit of capital because they can use technologies developed by other countries. This is known as the:
A. increasing returns to capital effect.
B. copycat effect.
C. catch-up effect.
D. productivity effect.
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