Democracy, rent seeking, public spending and growth

Article Abstract:

A simple two-sector endogenous growth model showing that both, very young and mature democracies that grow faster than countries in mid stage of democratization, producing a "U" effect was developed. This effect results from the pattern of rent seeking, as it diverts from the provision of public goods, more democracy increases their number, raising aggregate rents, thus, due to crowding effect and the increased competition among rent seekers, aggregate rents fall in mature democracies.

Public Finance Activities, Expenditures-Total Govt, Expenditures-State Govt, Democracy, Expenditures, Public, Public expenditures

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Taxation and growth with overlapping generations

Article Abstract:

It has been shown, in a two-period-lived-individual overlapping generations model, that the flat-rate wage tax, associated with lump-sum transfer, raises the economic growth rate, and that the flat-rate interest income tax does not necessarily stimulate economic growth.

Interest Rates, Taxation

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Is the political business cycle fo real?

Article Abstract:

It involves the study, that combines aspects from both real and political business cycle models to get a gist of fluctuations in economic activity. For this, four main features of using partisan fiscal shocks are discussed.

Science & research, Research, Models, Political aspects, Economic research, Business cycles

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