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The article analyses the joint determinants of inequality and growth with a special emphasis on public spending structures in transition. We find especially government expenditures on subsidies to be negatively correlated with both inequality and growth, as more generally government expenditures...
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Although financial development may facilitate economic growth over the long term, financial underdevelopment remains a salient feature of even leading emerging or transition economies. In principle, openness to both international trade and finance may weaken resistance to major financial...
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convincing result comes from the figures of elasticity of education with crime where a 10% increase in per capita expenditure on … education in India leads to a decline between 9.2-11.2% of overall property crime rates. …
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