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bigger government reduced it, with the effects of inflation being statistically insignificant. Politically, the efficacy of … economy increased during both world wars, but was lower during the great depression. However, in the short run, the …
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This paper examines the relationship between corruption and public debt in 106 countries. Results suggest that corruption leads to an increase in public debt. We also investigate if the effect of corruption on pblic debt is increased by government expenditure, the shadow economy and military...
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In this paper we deal with two questions, (i) what are the origins of the current financial crisis, and (ii) what did economists contribute, or why did economists fail to provide a convincing answer for the origins of the crisis, and possible solutions to overcome it? Apparently, the economics...
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