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What are parameters and parametric estimates?
Developing Country
A nation with a lower level of material wealth, industrialization, and human development index compared to developed countries.
Free-Rider Problem
A problem intrinsic to public goods: Because people can enjoy the benefits of public goods whether or not they pay for them, they are usually unwilling to pay for them.
Remittances
Money sent by workers to people (usually family members) in their country of origin.
Illegal Immigrants
Individuals who enter or reside in a country without the required authorization or documents.
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