Abstract
Original language | English |
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Pages (from-to) | 682-697 |
Number of pages | 16 |
Journal | Review of Economics and Statistics |
Volume | 88 |
Issue number | 4 |
DOIs | |
Publication status | Published - 1 Nov 2006 |
Funding
We are indebted to the late Professor Herschel I. Grossman for inspiration. We are grateful to Dani Rodrik and two anonymous referees for constructive comments and suggestions, which improved the paper significantly. We would like to thank Stefan Gerlach, John Wong, Wing Thye Woo, and Geng Xiao for comments, and particularly Marco Liu, Gary Wong, and Zuo Zhi for excellent research assistance. We also thank Alwyn Young for making a part of the data used in this paper available through his Web page. The financial support from the Hong Kong Research Grant Council Competitive Earmarked Grant (LU3112/03H) and Lingnan University Direct Allocation Grant (DS03A1) is gratefully acknowledged. Any remaining errors are our own.