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to democracy, which will choose redistributive policies. Taxation requires the employment of bureaucrats. We show that … democratic politics. This enables them to reduce the amount of redistribution and public good provision in democracy. Moreover … structure creates more rents for bureaucrats than would an efficient state structure. When the poor come to power in democracy …
Persistent link: https://www.econbiz.de/10005558498
to democracy, which will choose redistributive policies. Taxation requires the employment of bureaucrats. We show that … democratic politics. This enables them to reduce the amount of redistribution and public good provision in democracy. Moreover … structure creates more rents for bureaucrats than would an efficient state structure. When the poor come to power in democracy …
Persistent link: https://www.econbiz.de/10005230786
society consists of rich and poor individuals. The rich are initially in power, but expect to transition to democracy, which …. This enables them to reduce the amount of redistribution and public good provision in democracy. Moreover, the inefficient … rents for bureaucrats than would an efficient state structure. When the poor come to power in democracy, they will reform …
Persistent link: https://www.econbiz.de/10005094078
Persistent link: https://www.econbiz.de/10009309123
Persistent link: https://www.econbiz.de/10003875831
While much research in political economy points out the benefits of "limited government," political scientists have … significant control by the society over the government. …
Persistent link: https://www.econbiz.de/10005777958
Botswana has had the highest rate of per capita growth of any country in the world in the last 35 years. This occurred despite adverse initial conditions, including minimal investment during the colonial period and high inequality. Botswana achieved this rapid development by following orthodox...
Persistent link: https://www.econbiz.de/10005661844
states to eliminate non-state armed actors (paramilitaries) in a democracy. The model is premised on the idea that …
Persistent link: https://www.econbiz.de/10008610970
We study the dynamic taxation of capital and labor in the Ramsey model under the assumption that taxes and public good provision are decided by a self-interested politician who cannot commit to policies. We show that, as long as the politician is as patient as the citizens, the Chamley–Judd...
Persistent link: https://www.econbiz.de/10010577634
We study the constrained Pareto efficient allocations in a dynamic production economy in which the group that holds political power decides the allocation of resources. We show that Pareto efficient allocations take a quasi-Markovian structure and can be represented recursively as a function of...
Persistent link: https://www.econbiz.de/10008634696