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local government tax share, and a threshold level of transparency. Below these thresholds, the economy will stagnate and … above them, the economy will achieve perpetual growth. …
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We extend the model of insecure property rights by Tornell and Velasco (1992) and Tornell and Lane (1999) by adding three features: (i) extracting the common property asset involves a private appropriation cost, (ii) agents derive utility from wealth as well as from consumption, and (iii) agents...
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This paper investigates the relationship between electoral incentives, institutions and corruption. We assume that …
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. This is complemented by a review of the possibility of green paradox outcomes in dynamic open-economy models with an …
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