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 as taxed wealthy people buy votes from poor people. We then show …

, or violence. We provide a model to discuss the implications for the emergence of poverty traps. …

Poverty reduction has been adopted as the official objective of many multilateral and bilateral development … poverty. It argues that reduction of absolute poverty should be one of the objectives of foreign assistance, but not the sole … objective. First, measures of absolute poverty are highly limited in scope. Second, the resources of foreign aid are fungible …

mechanism of knowledge spillover strategic entrepreneurship whereby knowledge investments by existing organizations, when … research in entrepreneurship, strategy and economic growth …

learning model with the theory of rational inattention introduced by Sims (2006). In the model firms optimally allocate …

learning model with the theory of rational inattention introduced by Sims (2006). In the model firms optimally allocate …

Traditional entrepreneurship research holds that a role of entrepreneurs is to bear risk and that entrepreneurs are … uncertainty that allows entrepreneurship to exist. The model predicts that industries with higher uncertainty and riskier …

This paper connects the return to entrepreneurship and firm growth decisions in a dynamic investment model with limited … in a high cost of capital and low dollar return to entrepreneurship in equilibrium. Firms may be locally risk-loving or …