Previous literature generally finds that greater fiscal decentralization is associated with faster economic growth, improved government performance and stronger constraints on the Leviathan behaviour of governments. Because economic growth critically depends on the presence of good government...

Previous literature generally finds that greater fiscal decentralization is associated with faster economic growth, improved government performance, and stronger constraints on the Leviathan behavior of governments. Because economic growth critically depends on the presence of good government...

While entrepreneurs benefit from unrestricted free entry into markets, they have a time-inconsistent incentive to lobby for government entry restrictions once they become successful. Bad political institutions yield to these demands, and growing barriers are placed on domestic and international...

The special interest group model of government, employed throughout public choice theory, models the outcomes of government as a function of special interest group activity. Early work in this area by authors such as Stigler (1971) and Peltzman (1976) focused on the role of interest groups in...

Previous literature generally finds greater fiscal decentralization associated with faster economic growth. A separate, but related, literature finds greater fiscal decentralization associated with improved government performance, and stronger constraints on the Leviathan behavior of...