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Working Paper
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There are sound theoretical reasons to expect clientelism to suppress economic growth: politicians who garner support by offering employment to voters and grassroots party members can do so more effectively when the voters’ participation constraint is met with low wages. Hence, clientelism can...
Working Paper
pdf
– Different economic models but similarly low levels of socioeconomic mobility
The United States and China are the world’s largest economies. Together they are responsible for about one-third of the world’s economic output. This paper aims to examine whether the two economic giants are also lands of opportunity where resources are allocated in a way that minimizes unrealized...
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