Bellettini, Giorgio; Ceroni, Carlotta Berti; Prarolo, … - Fondazione ENI Enrico Mattei (FEEM) - 2009
between political stability and economic growth which is stronger and empirically more robust in countries with high … bureaucratic costs. Motivated by these results, which contrast with previous contributions, we develop a model of growth with … defend their monopoly position and prevent innovation and entry of high-quality competitors. This requires that the incumbent …