Growth Differentials of Refional Economy

political economy of china in central asia

this research is about the political economy of china in central asia. in this research the political & economic interactions affected on chinas political economy in central asia are examined. chinas goal of presence in central asia including political-security, economic and energy goals is described in one part. in another part, the trade relations between china and central asian countries ar...

The Weightless Economy in Growth

When an academic, scientist, or research engineer harps on about the knowledge-based economy, it’s hard to take as anything other than shameless self-serving hyperbole. Knowledge is, after all, what these people are supposed to be producing, and now here they are, telling the rest of us that that’s what drives the economy. Combine those self-promoting tendencies with the superficial observation...

Organismal Differentials and Organ Differentials.

Political Economy of Debt and Growth

We present a theory of endogenous fiscal policy and growth. Fiscal policy — debt, income tax, spending on local public goods and public investment — is determined through legislative bargaining. Economic growth depends directly on public investment, private investment in human capital and, via learning-by-doing, labor supply. The model predicts that the economy converges to a balanced growth pa...

Political Economy of Debt and Growth Appendix

In this Appendix we present additional results for our paper “Political Economy of Debt and Growth.”In Section 1 we (1) offer a discussion on the relationship to Battaglini and Coate [2008] framework; (2) discuss the relevance of our results for open economies; and (3) elaborate on how the model can be adopted for empirical analysis at high and medium frequencies. In Section 2 we present deriva...