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This study puts forward a model of a multisector economy and embeds it in a novel theoretical framework to address the relationship between commodity revenues and manufacturing output with a special focus on the role of the agricultural sector. The three-sector model lays the groundwork for...
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Recent research has demonstrated that while government expenditures are countercyclical inmost industrialized countries, they tend to be procyclical in developing countries. We develop adynamic political economy model to explain this phenomenon. In the model, public expendituresprovide insurance...
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corruption. Despite the ubiquity of literature on corruption, the relationship between a state's political capacity and … corruption has not been addressed by the existing academic literature. To measure the political capacity of a country, the … reducing corruption. On the other hand, a strong political capacity provides them with the opportunity for rent-seeking and …
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