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In this paper, the author gives sufficient conditions for the existence of endogenously growing optimal paths in a general multisector Ramsey model of optimal capital accumulation. The key assumption involves the existence of a positive vector of capital stocks, which admits strictly positive...
Persistent link: https://www.econbiz.de/10005124767
In this article, we analyze an economy in which agents vote over immigration policy and redistributive tax policy. We show that natives' preferences over immigration are influenced by the prospect that immigrants will be voting over future tax policy. We also show that changes in the degree of...
Persistent link: https://www.econbiz.de/10005550320