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"This paper explores the linkage between income growth rates and foreign direct investment (FDI) inflows. So far the evidence is rather mixed, as no robust relationship between FDI and income growth has been established. The authors argue that countries need a sound business environment in the...
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groups over group-specific targeted benefits financed by generalized taxation. These models predict that governments …-that of populist pressure on political parties to spend more on the general public good, financed by costly income taxation …
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