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We focus on the link between political instability due to uncertain electoral outcomes and economic growth, through the impact on a government's decisions on how to allocate government expenditure between public consumption and investment. Using an endogenous growth model with partisan electoral...
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We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and other...
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Foreign direct investments are for the transition and less developed countries very important source of capital. Such investments have very positive impact on country's economy in terms of employment growth, industrial production growth, gross domestic product growth, favorable effects on the...
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