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agents produce output in each period and can allocate the output between consumption and investment (the experiment adds to …
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National authorities are presently not willing to install a supranational authority vested with the competencies required to internalize global environmental externalities. Therefore we adopt a dynamic framework of two economies (i.e. Europe and rest of world) and analyze their strategic...
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In this paper, foreign aid transfers can distort individual incentives, and hence hurt growth, by encouraging rent …
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