Angelopoulos, Konstantinos (contributor); … - 2007
Portugal do very badly because of poor institutional
quality; their tax rates are low. Rent seeking in Germany seems to be …, . It receives
interest income from capital, , and government bonds, , where and are
respectively the gross returns to … capital in the production function (
p
δ
g
δ
εα −−1 ) is set equal to ,
which is the average public investment to output …