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Jul 30, 2011 - Springer Science+Business Media B.V. 2011. Abstract I argue that there is no .... social benefits (Caplan 2007). For example, the average ...
Aug 19, 2005 - d University of British Columbia .... More formally, let {et} be the entire state/date contingent plan for the ... (i.e., the entire expected discounted sum) realized from {λet,nt} is λ1âÏ times the ...... To simplify notation, le
with taxes is a good perspective with which underlying causes of the observed .... any technology consistent with balanced growth can be represented by this form ..... If the initial stock of education, steady state growth rate, schooling years and.
in the robustness section, due to the high correlation between education measures and culture ( ..... âEducation and Economic Growth,â in J.F. Helliwell, ed., The.
does not depend on economic performance, rent extraction is limited only by the ... make rulers accountable, those that enable citizens at large or some .... elected legislatures or no legal opposition and found (using economic data from ...
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augmented model accounts for about 80 percent of the cross- country variation in ... Solow's model takes the rates of saving, population growth, ...... INTEREST.
the data the effects of saving and population growth on income are too large. .... technology do not affect saving rates or population growth rates. Second, much ...
Secure property rights require much more careful analysis, distinguishing ... and Helpman, 1991)? Why have institutional rules favored collective action to resist.
there is an increasing environmental degradation up to a point, after which environmental quality im- proves" [as quoted in Arrow et al. (1995) article] seem to be merely anecdotes that don't make history. What I mean is that although anecdotes can b
general equilibrium effects of public spending and social protection programs on household expenditure .... supervised by that Ministry, but it acts as an autonomous organization financed by its investments and ..... Dropping the observations from th
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effects of each institution depend on its relationship with other components of the wider institutional system. Keywords ... functioning which neoclassical growth models implicitly assume to be met (Aron, 2000)?. What are the ..... but they saw the a
Jeanne, Nobuhiro Kiyotaki, Philippe Martin, Thierry Verdier and Carlos Winograd for useful discussions and to ... from a two$sector endogenous growth model, Ã la Lucas (1988) and including adjustment costs, we will show ... We analytically derive al
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