This paper investigates the implications of how states with initiative systems of legislation can use this more direct form of democracy to improve productive resource allocation by their goverments. We construct a simple growth model whereby we can identify this channel through which initiatives play an important role in determining economic activity.
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Paper provided by Wellesley College - Department of Economics in its series Papers with number
99-11.
Find related papers by JEL classification: H1 - Public Economics - - Structure and Scope of Government H5 - Public Economics - - National Government Expenditures and Related Policies H8 - Public Economics - - Miscellaneous Issues
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