On Dictatorship, Economic Development and Stability

∂L λT> 0, ∂λt	λt > 0,	_λ∂L ^λt ∂λt	=0
∂L ∂μt > ^,	μt > 0,	∂L μt^τ~ ^dμt	=0
^dL > 0 ■ ∂δt	δt > 0,	∂L ^μt ∂δ~_t	=0
	_k_tg-σ₁lim --^- t→∞ (1 + ρ)^t	=0	(19)

Equation (16) is the Kuhn-Tucker first-order condition with respect to τt, equation (17)
is the Kuhn-Tucker first-order condition with respect to q_t and equation (18) is the first-
order condition with respect to kt+1 . Equation (19) is the transversality condition stating
that the actual value of the capital in terms of welfare is exhausted.

2.3.3 Dictatorship’s equilibrium

Given initial condition {k0}, a dictatorship’s equilibrium can be characterized by a path
{k_t+1 ,τ_t,q_t,λ_t,μ_t}_t>0 such that equations (13)-(18) hold.

3 Dictatorship and economic development

In this section, we want to know whether all types of dictatorship regardless of political
constraints are economically feasible. Therefore, we do not take the insurrection constraint
(13) into account, i.e., we set μ = 0 in equations (16) to (18). We thus study the existence

More intriguing information

1. The English Examining Boards: Their route from independence to government outsourcing agencies
2. Second Order Filter Distribution Approximations for Financial Time Series with Extreme Outlier
3. AN ECONOMIC EVALUATION OF COTTON AND PEANUT RESEARCH IN SOUTHEASTERN UNITED STATES
4. Intertemporal Risk Management Decisions of Farmers under Preference, Market, and Policy Dynamics
5. The Social Context as a Determinant of Teacher Motivational Strategies in Physical Education
6. La mobilité de la main-d'œuvre en Europe : le rôle des caractéristiques individuelles et de l'hétérogénéité entre pays
7. The name is absent
8. The Nobel Memorial Prize for Robert F. Engle
9. The Context of Sense and Sensibility
10. The name is absent