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Eliakim Katz and Hillel Rapoport | 262 addition, our findings are shown to have explanatory power in relation to education and the migratory patterns of minorities . Our starting premise is that developing countries tend to be more unstable than developed countries . As Lucas ( 1988 : 4 ) points out, “the rich countries show little diversity [ variability ] , . . . [ while ] within the poorest countries . . . there is enormous variability . . . Within the advanced countries, growth rates tend to be very stable over long periods of time . . . For poorer countries, however, there are many examples of sudden, large changes in growth rates, both up and down” . Such observations have recently received substantial empirical support . For example, Acemoglu and Zilibotti ( 1997 ) found a clear decreasing relation between output volatility and initial output per capita and argued that this could, at least in part, account for the lack of convergence observed at the international level . The cau...
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