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We explore the relationship between government size and economic growth in an endogenous growth model with human capital and an unproductive capital which facilitates rent-seeking. With exogenous as well as endogenous time discounting, we find a non-monotonic relationship between the size of...
Persistent link: https://www.econbiz.de/10012120573
distribution of culturally diverse groups affects the outcome. To understand why ethnic diversity affects conflict and economic …
Persistent link: https://www.econbiz.de/10014025396
We formulate a model to explain why the lack of political competition may stifle economic performance and use the … political competition have quantitatively important effects on state income growth, state policies, and quality of Governors. By … our bottom-line estimate, the increase in political competition triggered by the Voting Rights Act raised long-run per …
Persistent link: https://www.econbiz.de/10010439365
In this chapter, we review the recent literature on conflict and appropriation. Allowing for the possibility of … conflict, which amounts to recognizing the possibility that property rights are not perfectly and costlessly enforced … technologies of conflict. A central objective of this research is to identify the effects of conflict on economic outcomes: the …
Persistent link: https://www.econbiz.de/10014024407
This paper incorporates competition for fiscal transfers (or, equivalently, rent seeking from state coffers) into a … equilibrium in individual agents' behavior, and then investigate what the society should do to discourage rent-seeking competition …
Persistent link: https://www.econbiz.de/10001784075
This paper incorporates competition for fiscal transfers (or, equivalently, rent seeking from state coffers) into a … equilibrium in individual agents behavior, and then investigate what the society should do to discourage rent-seeking competition …
Persistent link: https://www.econbiz.de/10011508090
This paper incorporates competition for fiscal transfers (or, equivalently, rent seeking from state coffers) into a … equilibrium in individual agents' behavior, and then investigate what the society should do to discourage rent-seeking competition …
Persistent link: https://www.econbiz.de/10013319853
We examine the question of how competition between governments within metropolitan areas affects economic growth … evidence supporting a causal interpretation of the effect of inter-jurisdictional competition on economic growth. Furthermore …, our estimates suggest that not accounting for the endogeneity of interjurisdictional competition may lead to systematic …
Persistent link: https://www.econbiz.de/10014046180
We present a growth model where agents divide time between rent seeking in the form of resource competition; and …
Persistent link: https://www.econbiz.de/10010320071
Diversity is often thought to create conflict and harm economic institutions. We hypothesize, however, that the impact …
Persistent link: https://www.econbiz.de/10013021731