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Introduction : the attributes of the crisis / David Bailey, Dan Coffey, Philip R. Tomlinson -- The workings of the Japanese economy / Donald W. Katzner -- The cause of Japan's recession and the lessons for the world / Richard A. Werner -- Transnational monopoly capitalism, the J-mode firm and...
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, economic freedom that emerges as a result of costly lobbying efforts may be less fruitful. In an extreme case, costly lobbying … efforts may even negate the growth-enhancing effect of economic freedom. To the extent that lobbying efforts constitute an … of lobbying is greater the more efficient is the institutional environment. Panel data analysis reveals the expected …
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Using a large, original database of 385 politically connected firms under the Mubarak regime in Egypt, we document for the first time the negative impact of cronyism on economic growth. In the early 2000s, a policy shift in Egypt led to the expansion of crony activities into new, previously...
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