Innovation and Fiscal Decentralization in Transitional Economies

  • Tinghua Yu
  • Published 2011

Abstract

In this paper, I build a theoretical model of the innovation decision in transitional economies. Innovation often erodes the economic interests of certain interest groups. To block innovation, an interest group can choose to overthrow the central ruler who adopts innovation policy, or to bribe the local leader who implements the innovation policy. Therefore… (More)

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