read the paper and answer the question 1

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Please read Erosa, Fuster and Restuccia’s article

1. Explain the essence of the paper using a simple non-technical language.

2. List key model features without using any equations.

3. Critique this paper.

4. How could this model be used to study wage inequality in developing countries? Suggest relevant features that would need to be incorporated in the model.

 
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