The role of government spending in stimulating economic growth is a widely debated subject. In the basic neoclassical growth model, an increase in government spending may boost output temporarily, but in the long-run it is supplies of productive resources and productivity that d…
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Households from the rural areas of developing countries often lack many markets of interest, leading them often to tradeoff their long-run wellbeing for short-run survival priorities. Such situations create pressures on the limited volumes of natural resources available to them,…