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This paper examines the Granger causality between total expenditures, own source revenues, grants received from the State and long-term loans for 12 subgroups of Finnish municipalities. Two panel data sets that cover the years 1985-1992 and 1993-1999 are used in order to compare the effect of...
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some extensions and then look at the property right aspects of these models based on Hart's work. Although the two …
Persistent link: https://www.econbiz.de/10011944900
We start out from the hypothesis that limited government leads to low uncertainty and low transaction costs. If … findings in the sense that limited government is the path towards economic development, being a pre-condition for poor …
Persistent link: https://www.econbiz.de/10005668472
some extensions and then look at the property right aspects of these models based on Hart's work. Although the two …
Persistent link: https://www.econbiz.de/10011588720
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