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The paper provides theoretical and empirical justifications for the instrumentality of foreign aid in stimulating private investment and fixed capital formation through fiscal policy mechanisms. We propose an endogenous growth theory based on an extension of Barro (1990) by postulating that the...
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I argue that whether or not a state is predatory hinges on the relationship between development and the distribution of … political power in society. Development is typically inconsistent with the preservation of the political status quo and this …
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