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This variant of coordination problem seeks the answer to why some countries fail to grow when public and private rent seeking makes property rights insecure. One reason is that rent seeking, especially by the governments officials are likely to hurt innovative activities: when returns to rent seeking relative to innovation increases. This may give rise to multiple equilibrium. Then in one equilibrium, fraction, and returns of innovations is low and because fraction of rent seeks is high. But simultaneously there is another equilibrium at which the opposite is the case.
Explain the following: (Critically Depensated) Growth Function Sustainable Yield Functions Logistic Growth Function
what are the taxations most important of Colombia country
NIGERIA IS A COUNTRY WITH DUTCH DISEASE DISCUSS
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