THE TWO-WAY RELATIONSHIP BETWEEN GOVERNM
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DZHUMASHEV, RATBEK
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Article
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2013
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Oxford University Press
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English
β 659 KB
__The existing empirical evidence suggests that in lowβincome economies, an increase in government spending leads to a reduction of growth. This article aims to explain this empirical fact by considering a growth model that incorporates a twoβway relationship between corruption and government spendi