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 changing face of Chicago: demographic trends in the 1990s
2. CONSIDERATIONS CONCERNING THE ROLE OF ACCOUNTING AS INFORMATIONAL SYSTEM AND ASSISTANCE OF DECISION
3. The name is absent
4. The Dictator and the Parties A Study on Policy Co-operation in Mineral Economies
5. The name is absent
6. Neural Network Modelling of Constrained Spatial Interaction Flows
7. Firm Closure, Financial Losses and the Consequences for an Entrepreneurial Restart
8. Backpropagation Artificial Neural Network To Detect Hyperthermic Seizures In Rats
9. Creating a 2000 IES-LFS Database in Stata
10. The Impact of Hosting a Major Sport Event on the South African Economy