Qayyum, Unbreen; Musleh ud, Din; Haider, Adnan - Volkswirtschaftliche Fakultät, … - 2012
This paper presents a theoretical model for governance. Specifically, the Ramsey-Cass-Koopman's growth model has been extended by incorporating governance in an open economy framework. Steady-state and short run analysis show that external debt and foreign aid do not affect the growth rate of...