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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...
Persistent link: https://www.econbiz.de/10001512856
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...
Persistent link: https://www.econbiz.de/10009781587
"The book draws lessons on the importance of rewarding merit for economic growth by analysing Italy's decline in the … sector. This became a significant problem when Italy could no longer grow through low wages, imitation, devaluations, and … evaluate the performance of Italy. It argues that the arrogance of a mediocracy is more damaging than that of meritocracy. Also …
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