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I'm now studying economic development and I wonder what is the causes of low ICOR in developing countries and high ICOR in advanced countries.

Because it's about economic development so I need some reason which is both logical and some tend to be conspiracy theories. Thank you guys. pls help me

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  • $\begingroup$ If you are asking about incremental capital-output ratio you should make this clear in the title. Capital-output ratio (ie ratio of total capital to total output) is a rather different concept. $\endgroup$ May 22, 2023 at 19:05

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