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Why do so many African governments consistently impose high tax rates and make little investment in productive public goods, when alternative policies could yield greater tax revenues and higher national income? We posit and test an intertemporal political economy model in which the government...
Persistent link: https://www.econbiz.de/10005838203
This paper introduces new data on climatic conditions to empirical tests of growth theories. We find that, since 1960, temperate countries have converged towards a common high level of income while tropical nations have converged towards various income levels associated with economic scale and...
Persistent link: https://www.econbiz.de/10005838205