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The purpose of this paper is to establish a positive correlation between property rights and economic freedom. It seeks to demonstrate that property rights lead to economic freedom. From a purely theoretical perspective, it has been assumed that greater access to property rights leads to...
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In 1960s - 1980s Japan enjoyed high economic growth. In the early 1990s, however, the growth rate drastically declined … and thereafter Japan has been suffering secular stagnation. This paper proposes a dynamic macroeconomic model that can …
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