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political power at the expenses of the median voter. In particular, investments in lobbying activities allow the rich to obtain … variable taxes and lobbying. In addition, it is established the existence of a transitional dynamics featuring convergence to a … balanced growth path, characterized by constant taxes and lobbying (and a constant growth rate of consumption and capital …
Persistent link: https://www.econbiz.de/10014461501
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In this paper we try to explain why the misallocation of resources across different productive sectors tends to persist over time. We document that there is a link between the distribution of the public expenditure across sectors and the sectoral composition of an economy. We propose a general...
Persistent link: https://www.econbiz.de/10013132929
In this paper we study why the misallocation of resources across different productive sectors tends to persist over time. To this end we propose a general equilibrium model that delivers two structural relations. On the one hand, the public expenditure distribution influences the future sectoral...
Persistent link: https://www.econbiz.de/10013051109
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Mancur Olson's theory of the decline of nations is path-breaking in political economics. It has been tested cross …
Persistent link: https://www.econbiz.de/10003779100
Taking Macur Olsonś theory of the decline of nations as pathbreaking in this field we develop a formal model of the …-group-state. Followed by a brief survey of empirical studies testing Olsonś theory, we at the first time in the literature present a time …
Persistent link: https://www.econbiz.de/10003482429
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