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In Search of the Holy Grail: Policy Convergence, Experimentation, and Economic Performance

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NBER2002-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9134
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We consider a model of policy choice in which appropriate policies depend on a country's own circumstances, but the presence of a successful leader generates an informational externality and results in too little 'policy experimentation.' Corrupt governments are reined in while honest governments
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2002-08-01
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