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This paper attempts to analyse the relative roles of political institutions and interest groups in policy formulation and the relationship between economic growth and social development. The main conclusions of the study are that while there is excess intervention by government in the sphere of...
Persistent link: https://www.econbiz.de/10013101542
This paper aims at analyzing the e ects of lobbying over economic growth and primarily welfare. We model explicitly the … equilibrium, despite stimulating growth, lobbying restricts the market structure and reduces welfare when compared to the free …-entry outcome. However, once general equilibrium considerations are taken into account, we find that lobbying may improve welfare …
Persistent link: https://www.econbiz.de/10013150461
This paper explores some implications of the existence of politically active groups within dictatorships. The analysis reaches the more or less plausible conclusion that dictators will treat supporters differently than opponents and that a dictator often lacks a significant encompassing...
Persistent link: https://www.econbiz.de/10012721514
, economic freedom that emerges as a result of costly lobbying efforts may be less fruitful. In an extreme case, costly lobbying … efforts may even negate the growth-enhancing effect of economic freedom. To the extent that lobbying efforts constitute an … of lobbying is greater the more efficient is the institutional environment. Panel data analysis reveals the expected …
Persistent link: https://www.econbiz.de/10013021737
"The book draws lessons on the importance of rewarding merit for economic growth by analysing Italy's decline in the past few decades. Connections rather than merit are a long-standing feature of the Italian elites, even in the corporate sector. This became a significant problem when Italy could...
Persistent link: https://www.econbiz.de/10013269573
Small well-motivated groups, including state officials, public and community activists, politicians, etc., proved their capacity to impose burden on the economy. The power to do so in modern Market Democracies could be reached without “unsheathing the sword”. Old fashioned redistribution...
Persistent link: https://www.econbiz.de/10013080303
This paper incorporates competition for fiscal transfers (or, equivalently, rent seeking from state coffers) into a standard general equilibrium model of economic growth and endogenously chosen fiscal policy. The government generates tax revenues, but then each selfinterested individual agent...
Persistent link: https://www.econbiz.de/10013319853
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