Showing 1 - 10 of 13,320
Persistent link: https://www.econbiz.de/10009505803
Persistent link: https://www.econbiz.de/10011279677
Vote-buying is widely used by parties in developing countries to influence the outcome of elections. We examine the impact of vote-buying on growth. We consider a model with a poverty trap where redistribution can promote growth. We show that vote-buying contributes to the persistence of poverty...
Persistent link: https://www.econbiz.de/10003762209
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
Persistent link: https://www.econbiz.de/10012821459
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
In this paper, a micro-founded model dealing with the effects of regional sizing on economic growth is developed. Departing from bigger sizes, reduction involves more efficient public choices because of proximity to individual preferences and needs, but also creates the risk of underestimation...
Persistent link: https://www.econbiz.de/10012768125
This paper examines the determination of the rate of growth in an economy in which two political parties, each representing a different social class, negotiate the magnitude and allocation of taxes. Taxes may increase growth if they finance public services but reduce growth when used to...
Persistent link: https://www.econbiz.de/10013032252
We construct an otherwise standard general equilibrium model of economic growth and optimally chosen fiscal policy, in which individuals compete with each other for extra fiscal transfers and two political parties compete with each other for staying in power. The main prediction is that...
Persistent link: https://www.econbiz.de/10014059537
events. Rather, I derive from the historical evidence a theory of economic progress in general.The particular ‘sample' from … which I derive my theory is the economic history of preindustrial Europe. To test the theory ‘out of sample', I apply it to … Europe.The theory begins by broadening the definition of economic activity. Usually economic activity is identified with …
Persistent link: https://www.econbiz.de/10013135194